When Dealing with Weaknesses in a Business Plan the Owner

question 7

Multiple Choice

When dealing with weaknesses in a business plan the owner should

• A) Use technical jargon to confuse reader
• B) Ignore the weakness as this might not attract investors
• C) Assume that investors will not find them
• D) Be straightforward with them and have an action plan

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Definitions:

Deadweight Loss

A loss of economic efficiency that can occur when the equilibrium for a good or a service is not achieved or is not achievable.

Tax Imposition

The act of placing a financial charge or levy upon a taxpayer by a governmental organization.

Buyers

Individuals or entities that purchase goods or services from sellers in exchange for money or other valuable considerations.

Sellers

Individuals or entities that offer goods or services for sale to potential buyers.