A ________ Is a Direction or Sequence of Events That

question 21

Multiple Choice

A ________ is a direction or sequence of events that has some momentum and durability; it reveals the shape of the future and can provide strategic direction.

• A) fad
• B) fashion
• C) trend
• D) megatrend
• E) style

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Definitions:

Action

A process or act of doing something, usually to achieve an intended outcome or goal.

Detailed Financial Projections

Comprehensive forecasts about a company’s future financial status and performance over a period of time.

Entrepreneurial Activities

Actions aimed at initiating, designing, launching, and running a new business or enterprise, often in the face of financial risk.

Business Plans

A detailed document outlining the objectives, strategies, financial projections, and target market for a new or existing business.