In Deciding on the Location for a Business, the Entrepreneur

question 29

Essay

In deciding on the location for a business, the entrepreneur must consider five major factors. Identify these factors and briefly summarize the impact each factor has on the entrepreneur's decision.

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Definitions:

Startup Cost

The initial expenses required to start a new business, including costs for research, rent, supplies, equipment, and marketing.

Maintenance Cost

The expenses associated with keeping equipment, facilities, or assets in good working condition.

Insurance Coverage

The agreement in which an insurance company provides financial protection against loss, damage, illness, or death, in exchange for premium payments.

EHR Programs

Electronic Health Records programs, computer applications designed to manage healthcare information digitally.