The First Step in the Screening Process for Potential Markets

question 92

Multiple Choice

The first step in the screening process for potential markets and sites is to ________.

• A) select a favorable market or site
• B) measure the market or site potential
• C) identify the basic appeal of a market
• D) assess the national business environment

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Definitions:

Private Property

A legal designation for the ownership of property by non-governmental legal entities.

Command System

An economic system where production and distribution decisions are made by a central authority.

Central Planning

An economic system in which the government or a central authority makes all decisions about the production and distribution of goods and services.

Government

The organization, or system of organizations, governing an organized community, often a state, and responsible for setting and enforcing policy.