Which of the Following Is a Critical Risk to a Business

question 34

Multiple Choice

Which of the following is a critical risk to a business?

• A) Direct customer connection
• B) Surplus industry experience
• C) Overlooked competition
• D) Adequate payback

Recognize economies and diseconomies of scale in production.

Distinguish between explicit and implicit costs, including economic and accounting profits.

Identify the least cost plant size for a given range of output.

Comprehend marginal cost and its calculation.

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Definitions:

Goodwill

An intangible asset that arises when a company acquires another business for more than the fair value of its assets.

Buying Decision

The process and final determination made by consumers or organizations when choosing among different products, services, or suppliers.

Goodwill

An intangible asset that represents the value of a company's brand name, customer relationships, employee morale, and other factors that improve a company's business prospects.

Service to Customers

The act of providing support and assistance to buyers before, during, and after a purchase to ensure a satisfactory experience.