select the correct answer. ron and nick chose to start their own businesses. ron wanted to start an ice…

select the correct answer. ron and nick chose to start their own businesses. ron wanted to start an ice cream shop, and nick wanted to launch a television manufacturing company. ron and nick had equal amounts of funds on hand and no government regulations restricting them. months later, however, ron has already set up his business, while nick is still struggling to raise additional funds to build a factory. what was the main factor that affected nicks business? a. an irrelevant business idea b. low demand for tvs in his country c. high start - up costs d. lack of labor

select the correct answer. ron and nick chose to start their own businesses. ron wanted to start an ice cream shop, and nick wanted to launch a television manufacturing company. ron and nick had equal amounts of funds on hand and no government regulations restricting them. months later, however, ron has already set up his business, while nick is still struggling to raise additional funds to build a factory. what was the main factor that affected nicks business? a. an irrelevant business idea b. low demand for tvs in his country c. high start - up costs d. lack of labor

Answer

Brief Explanations:

Ron started an ice - cream shop and Nick a TV manufacturing company. Nick struggles to raise funds for a factory. Starting a TV manufacturing company likely requires more initial investment for factory building, machinery, etc. compared to an ice - cream shop. High start - up costs are the main factor here as there are no mentions of low demand, irrelevance of business idea or lack of labor.

Answer:

C. high start-up costs