After 1450,European Towns Grew Significantly in Size and Economic Power

question 56

Multiple Choice

After 1450,European towns grew significantly in size and economic power because they:

• A) banned monasteries and offered tax breaks for married couples and families.
• B) successfully controlled price variations and limited business risk.
• C) developed strategies for managing outbreaks of the plague.
• D) attracted more people and developed specialized products and services.
• E) offered tax incentives to new businesses to locate in the towns.

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Definitions:

Average Collection Period

The average number of days it takes for a business to receive payments owed by its customers.

Average Daily Sales

The average amount of sales generated per day over a specific period, commonly used to assess business performance.

Credit Policy

Guidelines that a company follows to determine the creditworthiness of customers, which influence terms of credit and collection procedures.

Total Revenue

The total amount of income generated by the sale of goods or services related to the company's primary operations before any expenses are deducted.