At the Broadest Level of the Location Decision,entrepreneurs Usually Identify

question 113

Multiple Choice

At the broadest level of the location decision,entrepreneurs usually identify regions of the country that:

• A)have many professional sports teams.
• B)are experiencing substantial population growth.
• C)contain many car drivers.
• D)consist of the most employed inhabitants.

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Definitions:

FOB Destination

FOB Destination is a shipping term indicating that the seller retains ownership and liability of goods until they are delivered to the buyer's specified location, at which point the buyer assumes responsibility.

Title Passage

The point in time when the ownership (title) of goods passes from seller to buyer as per the terms of the sales contract.

Perpetual Inventory System

An accounting method that records goods transactions immediately through the use of computer systems, providing a continuous balance of inventory.

Cost Of Merchandise Sold

This is the total cost incurred to produce or acquire the goods sold by a company during a specific period.