The Region from Which a Business Can Expect to Draw

question 29

Multiple Choice

The region from which a business can expect to draw its customers over a reasonable time span is called its ________.

• A)enterprise zone
• B)zoning area
• C)trading area
• D)retail draw

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Definitions:

Fixed Costs

These are expenses that do not change with the level of goods or services produced by the business within a certain range of activity or over a certain period.

Break-Even

The point at which total costs and total revenues are equal, leading to no net loss or gain.

Variable Costs

Expenses that change in proportion to the activity of a business.

Debt-to-Equity Ratio

A financial metric that shows the comparative ratio of equity to debt employed to fund a company's assets.