Justin's Favorite Part of Introduction to Business Class Was Marketing

question 136

Multiple Choice

Justin's favorite part of Introduction to Business class was marketing.As he brainstorms about starting a car detailing business,he recalls that it is important to:

• A)open for business and start collecting information about what customers want.
• B)find the most affordable location for the business.
• C)only agree to serve a high-end market.
• D)analyze the market before making the service available.

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Definitions:

Credit Notes

A document issued by a seller to a buyer, reducing the amount owed by the buyer under previous invoices due to returned goods or services not rendered.

Nonprofit Corporations

Organizations that operate for charitable, educational, scientific, or public safety purposes without the intention of making profits for owners or shareholders.

Shareholders

Shareholders are individuals or entities that own one or more shares of stock in a corporation, giving them a claim on part of the corporation's assets and earnings.

Reinvest

To allocate earnings or profits back into a business, venture, or asset to potentially achieve further growth or gains.