According to Market Area Analysis,range and Threshold Are the Two

question 81

True/False

According to market area analysis,range and threshold are the two least important factors in deciding on the probable profitability of a business.

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Definitions:

External Control

Mechanisms imposed by external entities, such as regulations or laws, that influence or limit the behavior of organizations or individuals.

Personal Supervision

Direct oversight by an individual, typically a manager or supervisor, over the work and performance of subordinates.

Formal Administrative Systems

Structured processes and procedures used by organizations to manage and govern their operations.

Controlling

The management function that involves monitoring performance, comparing it with goals, and taking corrective action as needed.