An Owner, When Researching a New Business, Needs to Be

question 38

True/False

An owner, when researching a new business, needs to be aware of, and be able to describe, all potential customers.

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Definitions:

APC

The Average Propensity to Consume, which measures the fraction of income that households spend on goods and services rather than saving.

Disposable Income

The spendable income of households after income tax deductions tailored for saving and spending.

Disposable Income

The financial resources meant for household spending and saving after settling income taxes.

Saving

The act of setting aside a portion of current income for future use, either by holding the funds in cash or investing them.