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:

Situational Variable

An environmental or contextual factor that can affect the outcome of a situation or the behavior of individuals within it.

Leader's Behavior

Actions exhibited by individuals in leadership positions, including how they interact with the group, make decisions, and inspire others.

Demands

The needs or desires that individuals or markets have, which can drive the production and supply of goods or services.

Constraints

Limitations or restrictions that affect decision-making or the execution of plans.