If you are considering starting your own business, a key priority for you should be to:
A) get a loan from your local bank.
B) incorporate your business.
C) understand the industry in which a company operates.
D) apply for a Small Business Administration loan.

Question

Quizplus · Accepted Answer

Understanding the industry in which a company operates is vital for success in starting a business. This includes knowing the competition, consumer demand, and market trends. Incorporating and securing loans can come later in the process, but having a strong understanding of the industry will give you a solid foundation to build upon.

If You Are Considering Starting Your Own Business, a Key