You and a Friend Want to Open New Pet Grooming

question 143

Multiple Choice

You and a friend want to open new pet grooming and pet services shop. Once established, you intend to open a second store in a larger town 20 miles away. If store number two is a success, you plan to start franchising your company.
-The most important estimate in your financial plan will be your _____.

• A)sales forecast
• B)first-year budget
• C)cash flow projection
• D)breakeven point

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Definitions:

Directors

Members of a company's board responsible for making strategic decisions and ensuring the company's compliance with legal and ethical standards.

Business Decisions

The choices made by individuals or groups in regard to the operation, management, and strategy of a business.

Special Interest Group

An organization or group that advocates for specific issues or causes, often aiming to influence public policy or opinion.

Stakeholder

An individual or group that has an interest or concern in an organization or project, and whose input or involvement can affect or be affected by the outcome.