Two distinct factors are important for entrepreneurs analyzing the labor supply in a potential location:

Question

Quizplus · Accepted Answer

The number of workers available in the area and their level of education, training, and experience are crucial factors for entrepreneurs to analyze the labor supply in a potential location. This will give them an idea of the pool of talent they can hire from and help them determine if the local workforce has the necessary skills to meet their business needs. Cost of transportation and minimum wage are also important, but they are not as critical as the availability of qualified workers.

Two Distinct Factors Are Important for Entrepreneurs Analyzing the Labor