In the Triggering Event and the Implementation Stages of the Start-Up

question 54

Multiple Choice

In the triggering event and the implementation stages of the start-up process model, which of the following environmental factors will affect the small business?

• A) role models
• B) suppliers
• C) bankers
• D) competition

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Definitions:

General Cost

A type of expense that is not directly tied to production or operations but is necessary for overall business function, like utilities or rent.

Prime Costs

The combined costs of direct materials and direct labor that are directly attributable to the manufacturing process.

Direct Materials

Materials that are directly consumed in the production of a product and are easily traceable to it.

Cost of Goods Sold

The immediate expenses related to the creation of products sold by a business, which include costs for materials and labor.