Once an Entrepreneur Has Established a Reasonable Radius from Which

question 85

True/False

Once an entrepreneur has established a reasonable radius from which he or she would draw his or her primary customers, the next step is to examine each potential competitor.

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Definitions:

Approach

The initial step or method used by businesses or salespeople to engage potential customers and establish a relationship.

Express Repudiation

An outright and clear refusal by one party to carry out their obligations under a contract.

Contracted

Agreed upon or arranged through a formal agreement, especially in the context of business dealings or employment.

Wedding Reception

A celebratory gathering held after a wedding ceremony, typically involving meals, music, and dancing.