As Seen on the Business Plan Flowchart Figure in the Chapter

question 105

Multiple Choice

As seen on the business plan flowchart figure in the chapter, which of the following is the correct order in which to write a business plan according to the text?

• A) Identify product/service, prepare executive summary, determine market size
• B) Identify product/service, prepare executive summary, develop marketing strategy
• C) Identify product/service, develop marketing strategy, prepare executive summary
• D) Identify product/service, estimate initial capital requirements, determine market size

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Definitions:

Cognitive Development

The process of growth and change in intellectual capabilities that occurs from infancy to adulthood.

Object Permanence

The understanding that objects continue to exist even when they cannot be seen, heard, or otherwise sensed, a key concept in cognitive development during infancy.

Conservation

A principle in cognitive development theorizing that children learn an object's volume, mass, or number remains unchanged, even when its shape or arrangement changes.

Carnival Game

A game of skill or chance played at fairs, amusement parks, or carnivals, often involving the attempt to win a prize.