You and a Friend Want to Open New Pet Grooming

question 91

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.
-_____ will probably be the most important source of funds for your new business.

• A)Bank loans
• B)SBA (Small Business Administration)
• C)Venture capital
• D)Personal assets

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Definitions:

Gasoline Price

Gasoline price is the cost per unit volume of gasoline, typically measured in per liter or per gallon, which can vary based on crude oil prices, refinery costs, taxes, and other factors.

Percentage Increase

The ratio of the increase in an amount to the original amount, expressed as a percentage.

Retail Price

The price at which goods are sold to the public, often including additional costs like markup and taxes.

Markup

Incremental pricing on the acquisition cost of products to ensure overhead and profit incorporation.