Darnell lives in an area where labor is plentiful and locations for start-ups are relatively cheap. He is also confident that he can find start-up funds for a graphic arts business. As he evaluates the opportunity for his proposed venture, which two other factors of production does he need to succeed?

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Serenaark1383 Serenaark1383

14-10-2019
Social Studies

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Darnell lives in an area where labor is plentiful and locations for start-ups are relatively cheap. He is also confident that he can find start-up funds for a graphic arts business. As he evaluates the opportunity for his proposed venture, which two other factors of production does he need to succeed?

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AbsorbingMan AbsorbingMan · Answer 1 · 2019-10-15T14:50:49+02:00

Answer:

Entrepreneurship and knowledge

Explanation:

Darnell wished to open a start-up. He lives in an area where human labor is cheap and plentiful and the location is relatively cheap.

Darnell is sure he can find start up fund for his new venture, graphic arts business.

Though there is abundant labor near his venture and the place of venture is also relatively cheap, Darnell must also succeed other two factors of entrepreneurship and knowledge of the business for the successful establishment of his new graphic art business.

Thus the answer is entrepreneurship and knowledge of the business.