Application of the CAGE Framework Requires Managers to Identify Attractive

question 193

Multiple Choice

Application of the CAGE framework requires managers to identify attractive locations based on all of the following except ________.

• A) raw materials costs
• B) number of competitors
• C) access to consumers
• D) access to markets

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Definitions:

Feasibility

The assessment of the practicality or possibility of a proposed project or system.

Demographics

Statistical data relating to the population and particular groups within it, used for marketing and policy-making purposes.

Obtaining Financing

Obtaining Financing refers to the process of securing funds needed to start, operate, expand, or sustain a business, often through loans, investments, or other forms of financial support.

Making A Profit

The act of earning more money from business activities than the expenses, costs, and taxes involved in operating the business.