Which of the Following Groups Would Be Most Interested in a Business

question 15

Multiple Choice

Which of the following groups would be most interested in a business plan for a new venture?

• A) Customers
• B) Bankers
• C) Supervisors
• D) The Internal Revenue Service

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Definitions:

Open Innovation

A business model that encourages companies to use external as well as internal ideas and paths to market while advancing their technology.

External Collaboration

The act of partnering or working together with outside individuals or organizations to achieve common goals or complete projects.

Internal Ideas

Concepts or innovations generated within an organization or group.

Insignificant Point Of Difference

A differentiation feature of a product or service that is too minor to influence the purchasing decision of a target audience.