Which of the following is true of the opening time of a business?
A)The opening of a new business does not depend on the competitors' moves
B)The timing of start is a function of the general environment and lifestyle issues.
C)Entrepreneurs should realize that businesses depend on similar conditions for opening.
D)One should open a business during or at the beginning of a recession.

Question

Quizplus · Accepted Answer

The timing of a business's opening is influenced by factors in the general environment, such as economic conditions and societal trends, as well as lifestyle issues, such as personal circumstances and priorities. Competitors' moves may also play a role in the decision, but they are not the only factor. It is not advisable to open a business during a recession unless there are specific market opportunities that can be capitalized on.

Which of the Following Is True of the Opening Time