Jill Is Looking into the Possibility of Opening Up a For-Profit

question 61

Multiple Choice

Jill is looking into the possibility of opening up a for-profit seniors centre in her community.However,she is concerned about the long-term prospects for such a business.Jill believes the future of her centre will depend on the growth of the seniors population.This concern illustrates how businesses can be affected by:

• A)holographic trends.
• B)demographic trends.
• C)psychometric trend.
• D)econometric trends.

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Definitions:

Merchandise Purchases Budget

An estimate detailing the amount of goods a company plans to purchase over a certain period to meet its sales and inventory needs.

Selling Expenses Budget

A financial plan estimating the costs associated with promoting, selling, and distributing a product or service for a future period.

Sales Budget

An estimate of the sales revenue a company aims to achieve in a certain period, often used for planning and performance evaluation purposes.

Key Raw Material

Essential materials required in the production of goods, critically influencing the manufacturing process.