Green-Living Lawncare Systems, Inc

question 133

Multiple Choice

Green-Living Lawncare Systems, Inc., has enjoyed great profits for 15 years. When new-product development made it feasible for underground sprinkling systems to be installed at a reasonable price, the business skyrocketed. Recently, through ________________ the owner of Green-Living learned about a grass seed that only needs to be watered two times each year. This innovation could have serious consequences on healthy revenues and profits. The owner is analyzing the _________ environment in order to remain knowledgeable about new trends that may affect his business.

• A) environmental scanning; economic
• B) environmental scanning; technological
• C) continuous processing; economic
• D) continuous processing; technological

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Definitions:

Sole Proprietorship

A business owned and operated by a single individual, with no legal distinction between the owner and the business entity.

Owner's Equity

The residual interest in the assets of a company after deducting liabilities, representing the ownership's value in the business.

Merchandise

Goods that are purchased for resale at a profit as part of a business's retail operations.

Withdrawal

The act of removing funds from an account, or the act of removing capital from a business by its owner.