You and a Friend Want to Open New Pet Grooming

question 143

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.
-The most important estimate in your financial plan will be your _____.

• A)sales forecast
• B)first-year budget
• C)cash flow projection
• D)breakeven point

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Definitions:

Survival

The act of continuing to live or exist, especially under challenging conditions or threats.

Contextual Perspective

View of human development that sees the individual as inseparable from the social context.

Environmental

Relating to or arising from the natural world and the impact of human activity on its condition.

Interactive

Interactive involves two-way communication or engagement, where participants can influence or respond to each other.