Decision-Making Criteria and Priorities When Searching for an Existing Business

question 27

Multiple Choice

Decision-making criteria and priorities when searching for an existing business include ________.

• A) Industry
• B) Geography
• C) Size
• D) Life cycle
• E) All of the above

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Definitions:

Natural Resources

Raw materials and resources provided by nature that can be utilized for economic gain, such as minerals, forests, water, and arable land.

Economic Integration

The process by which different countries agree to remove trade barriers between them, increasing the exchange of goods and services as a single market or through various degrees of shared economic policies.

Corporate Codes

Guidelines and principles that outline ethical standards, corporate governance, and social responsibility expected within a corporation.

Enforcement Mechanism

Procedures or methods used to enforce compliance with laws, regulations, or agreements.