Which of the Following Is a Direct Factor That Effects

question 74

Multiple Choice

Which of the following is a direct factor that effects the selection of form adopted for a business?

• A) The extent to which a business owner wishes to attain control of the business
• B) The expected profits or losses arising from the business
• C) The perceived risk associated with the business
• D) The relationship that the owner would have with partners or investors
• E) The subgroups of the total population that will behave the same way in the marketplace

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Definitions:

High Uncertainty

High uncertainty refers to situations in which there is a lack of predictability or information about future events, often making decision-making difficult in both personal and business contexts.

Differentiation Strategy

A business approach where a company develops unique products or services to stand out from competitors in the market.

High-end Watches

Timepieces that are considered to be of the highest quality, often characterized by their craftsmanship, exclusivity, and luxury branding.

Customer Service

The support and assistance provided by a company to its customers before, during, and after purchasing products or services.