Which of the Following Is One of the Six Questions

question 11

Multiple Choice

Which of the following is one of the six questions most lenders and prospective investors expect to be answered in a marketing or business plan?

• A)Does the prospective product meet all government safety standards?
• B)Who is your competition and what are they doing?
• C)Who will be your key suppliers?
• D)What are your taxes?
• E)Is there something unique or distinctive about the product or service that separates it from substitutes and competitors?

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Definitions:

Variable Resources

Inputs or factors of production that can be adjusted in the short term to meet changes in the level of output, such as labor and raw materials.

MRPs

Marginal revenue products, a measure of the additional revenue generated by employing an additional unit of a resource or factor of production.

Labor Cost

The total expenditure incurred by employers for the wages, benefits, and taxes associated with their workforce.

Total Cost Ratio

A financial metric that sums all the costs associated with the production and delivery of goods or services to the market, divided by the total quantity produced, to assess efficiency.