When Buying a Business, Which of the Following Is Not

question 21

Multiple Choice

When buying a business, which of the following is not a factor to consider when investigating the competition?

• A)effect of price competition on profits
• B)reduction of market share
• C)advertising costs
• D)number of employees

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Definitions:

Control Equation

Need for Action = Desired Performance - Actual Performance.

Control Process

A systematic approach to managing and monitoring activities to ensure they meet the goals and standards of the organization.

Market Control

The ability of a single entity or a few entities to significantly influence the conditions or terms in a particular market.

Input Standards

Pre-defined criteria or benchmarks used to measure the quality, quantity, or timeliness of inputs in a production or manufacturing process.