For the Entrepreneur Starting a New Venture, a Business Plan

question 21

Multiple Choice

For the entrepreneur starting a new venture, a business plan has three basic objectives. Which of the following is not one of them?

• A) identify the nature and context of the business opportunity.
• B) outline the approach the entrepreneur intends to use to exploit the opportunity.
• C) recognize factors that will determine whether or not the venture will be successful.
• D) present to local entities to get the required permits for startups.

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Definitions:

Consumer Goods

Products and services that are purchased by individuals for personal use, ranging from household items to leisure and entertainment.

Advertising

The activity or profession of producing information for promoting the sale of commercial products or services.

Sacco-Vanzetti Case

A case held during the 1920s in which two Italian-American anarchists were found guilty and executed for a crime in which there was very little evidence linking them to the particular crime.