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which business opportunity involves higher start-up costs?

Question

Which business opportunity involves higher start-up costs?

Answer

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Verificación de expertos
Quintina Master · Tutor for 5 years

Answer

### Technology startups generally involve higher start-up costs due to the need for substantial investment in development, infrastructure, and technological resources.

Explanation

## Step 1: Define the term "start-up costs"### Start-up costs encompass all initial expenses required to launch a business, including equipment, permits, marketing, and initial inventory.## Step 2: Compare typical examples of business opportunities### Compare industries such as technology startups, restaurants, and retail. Consider factors like equipment, location, and operational needs.## Step 3: Analyze industry requirements### Technology startups often need significant investment in development and infrastructure, while restaurants require investment in location and equipment. Retail businesses need initial stock and a physical presence.