In starting a new business the businessman has to decide on the type and nature of business. The fields open to him are industrial, commercial, or service areas. He may choose manufacturing, wholesaling, retailing, brokerage, import or export. The selection decision will be based on the availability of capital, scope of business, his expertise and experience, nature of demand.
Infra- structure
Infrastructure provides a sound basis for all types of businesses. It includes basic installations and facilities, as roads, power plants, transportation, and communication systems. Whether it is a manufacturing concern or service organization, wholesaling or retailing, import or export, small or large business, all need infrastructure.
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