The First Phase of Determining Where to Locate a Business

question 58

Multiple Choice

The first phase of determining where to locate a business is ________.

• A)choosing a state in which the business owner wants to live
• B)determining which city has the demographics that best fit the business
• C)conducting a specific site analysis
• D)determining which regions of the country are experiencing growth

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Definitions:

Uncollectible

Accounts receivable that cannot be recovered and are therefore written off as a loss.

Not-for-Profit School

An educational institution that operates without the primary aim of making profits, instead focusing on providing quality education.

Contribution Revenues

Revenues received by not-for-profit entities from donations, grants, or other forms of financial support.

Deferred Revenues

Deferred revenues are payments received by a company for goods or services that are yet to be delivered or performed, recorded as a liability on the balance sheet.