Based on William A

question 28

Multiple Choice

Based on William A. Sahlman's suggestions, which of the following is a question about competitors that should be answered by the business plan?

• A) Are there ways to co-opt potential or actual competitors by forming alliances?
• B) How easily can new competitors enter the industry?
• C) Do small businesses have special advantages when competing in the industry?
• D) What is the average size of competitors?

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Definitions:

Week

A time unit consisting of seven days.

Probability

A measure of the likelihood that an event will occur, expressed as a number between 0 and 1 where 0 indicates impossibility and 1 indicates certainty.

Flipping

The act of turning something over to its opposite side or changing its position, often used metaphorically to describe a dramatic change in perspective or situation.

Quarter

A three-month period on a financial calendar that acts as a basis for periodic financial reporting and dividend payments.