In Attempting to Determine Whether a New Fast-Food Restaurant Should

question 82

Multiple Choice

In attempting to determine whether a new fast-food restaurant should be opened in a small town,a retailer gathered information on demographics,competitors' sales,and real estate available in that area.The retailer was employing the _____ method of retail decision-making.

• A) analytical
• B) creative
• C) intuitive
• D) strategic
• E) tactical

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Definitions:

Balance Sheet

A report detailing a corporation's assets, liabilities, and owners' equity at a particular moment.

Comparative Data

Information presented for two or more periods to facilitate quantitative analysis, allowing for trend analysis and benchmarking.

Operating Expenses

Costs incurred during the normal operations of a business, excluding costs related to the production of goods or services.

Direct Method

A cash flow statement preparation approach that lists major categories of gross cash receipts and payments.