Question

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 nick’s busin

Answer 1

I believe the answer is: "high start-up costs".

In industrialized economy, the expense for company operation tend to be really high unless they are mass producing their goods. In order to mass produce, the company need to obtain large amount of capital injection, which could be done by seeking investors in exchange of equity percentage.

Answer 2

Answer:

high start up costs

Explanation: