The area from which a small business expects to draw customers over a reasonable time span is its:
A)trading area.
B)metropolitan statistical area.
C)enterprise zone.
D)incubator.

Question

Quizplus · Accepted Answer

A small business's trading area is the geographical region from which it expects to draw customers over a reasonable time span, typically within a specific radius. This is an important factor to consider when determining a business's location and marketing strategy. Metropolitan Statistical Area (B) refers to a larger, more densely populated region that includes a central city and its surrounding suburbs. Enterprise zones (C) are designated areas that offer tax incentives and other benefits to encourage economic development in low-income neighborhoods. Incubators (D) are facilities that provide resources and support to startup companies to help them grow and succeed. None of these options directly relate to a small business's expected customer base.

The Area from Which a Small Business Expects to Draw