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Sagot :
Final answer:
Before starting a local business, it is essential to analyze the market, competition, and resources available.
Explanation:
Before deciding to go into business locally, several factors need to be considered:
- Market analysis: Assess the viability of the product or service, customer demographics, economic factors, and location preferences.
- Competition analysis: Evaluate the competitive landscape and how your business will differentiate itself.
- Technology and resources: Analyze access to necessary technology and resources crucial for the venture's success.
Learn more about Factors to consider before starting a local business here:
https://brainly.com/question/28474372
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