Once Attractive Markets Have Been Identified,it Is Important to Consider

question 47

Multiple Choice

Once attractive markets have been identified,it is important to consider the:

• A)timing of entry.
• B)competition.
• C)costs involved.
• D)insurance needed in the event of failure.

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Definitions:

Internal Controls

Processes put in place by management to ensure reliability of financial reporting, effective and efficient operations, and compliance with laws and regulations.

Cash Payments

Outflows of cash to settle obligations or purchase goods and services.

Voucher

A written authorization or proof of transaction that details the terms and conditions of a financial exchange or payment.

Liability

A financial obligation or amount owed by a business or individual to another entity.