The Key Success Factor for a Stand Is

question 3

Multiple Choice

The key success factor for a stand is

• A)having a location where there is enough foot or vehicle traffic.
• B)having a variable income.
• C)having nonperishable sale items.
• D)sharing with other businesses to minimize the high rent.

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Definitions:

Short Term

Referring to a time frame typically less than one year, often relating to immediate goals, financial obligations, or investments.

Variable Cost

Costs that change in proportion with the level of production or business activity, such as materials and labor directly involved in production.

Activity

Refers to any action or task performed within an organization that consumes resources.

Relevant Range

The range of activity over which a company expects its operating assumptions, such as cost behavior and sales mix, to remain valid, influencing budgeting and financial planning.