What Is an Initial Business Plan

question 18

Multiple Choice

What is an initial business plan?

• A)An outline or detailed description of how you expect to establish and grow your firm over the next one to five years
• B)An outline or detailed description of how you expect to establish and grow your firm over the next year
• C)An outline or detailed description of how you expect to establish and grow and eventually sell your firm
• D)An outline or detailed description of how you intend to raise the capital required to start a firm
• E)None of the above

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Definitions:

Behavior

The way in which one acts or conducts oneself, especially towards others.

Stickleback

A small fish species known for its complex social behaviors and as a model organism in studies of animal behavior and evolution.

Reaction Chain

A sequence of actions triggered by stimuli, where each response serves as a cue for the next action in the sequence.

Fixed Action Chain

A sequence of behaviors in response to a specific stimulus, where each action in the sequence automatically triggers the next, with little to no variability.