Which of the Following Is True of the Opening Time

question 89

Multiple Choice

Which of the following is true of the opening time of a business?

• A)The opening of a new business does not depend on the competitors' moves
• B)The timing of start is a function of the general environment and lifestyle issues.
• C)Entrepreneurs should realize that businesses depend on similar conditions for opening.
• D)One should open a business during or at the beginning of a recession.

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Definitions:

Domestic Consumers

People or families within a nation who buy products and services for their own consumption.

Domestic Suppliers

Businesses or individuals that produce and provide goods or services within the same country they operate.

Tax Revenue

The funds governments receive as a result of taxation.

Tariff

A tax imposed by a government on goods and services imported from other countries, used to restrict trade by increasing the price of imported goods and services.