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:

Limitations

Restrictions or constraints that define the boundaries within which a process or activity can occur.

Optimism

A mental attitude characterized by hope and confidence in success and positive outcomes.

Satisficing

A decision-making strategy that aims for a satisfactory or adequate solution rather than the optimal one.

Work Schedule

The planned hours and days that an employee is expected to work within a given period.