An Advantage for Choosing a Hometown as a Location for a New

question 35

Multiple Choice

An advantage for choosing a hometown as a location for a new business venture include the fact that

• A)the entrepreneur knows the landmarks around his or her home community.
• B)credit can be established more easily.
• C)friends and relatives line up new customers.
• D)the reduced risk.

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Definitions:

Revenue Variance

The difference between actual revenue earned and the expected revenue, often analyzed for budgeting and performance assessment purposes.

Containers Refurbished

The process of cleaning, repairing, and restoring used containers to a condition suitable for reuse, extending their lifecycle.

Flexible Budget

A budget that adjusts or flexes with changes in volume or activity, allowing for better budgetary control and analysis.

Actual Results

The real outcomes achieved by a business, such as actual sales, expenses, and profit, as opposed to forecasts or budgeted figures.