Which of the Following Is Likely to Occur If Entrepreneurs

question 59

Multiple Choice

Which of the following is likely to occur if entrepreneurs fail to define a radius from which they believe their business will draw a majority of its customers?

• A)It will distort the entrepreneur's advertising efforts.
• B)It will dramatically reduce the entrepreneur's costs.
• C)It will be easier for the entrepreneur to identify direct and indirect competition.
• D)It will force the entrepreneur to forego business unnecessarily.

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Definitions:

Adverse Possession

A legal doctrine allowing a person to claim ownership of land under certain conditions, including continuous possession without the legal owner's permission for a specific period.

Lease

An agreement that constitutes a grant of possession of property for a fixed term in return for the payment of rent.

Crown

represents the state or monarch in its governmental and symbolic functions, especially in Commonwealth countries.

Tenancy

A relationship between parties governed by a lease.