Before Beginning to Write a Business Plan, the Entrepreneur Should

question 48

Multiple Choice

Before beginning to write a business plan, the entrepreneur should complete:

• A)a thorough market analysis.
• B)a feasibility analysis.
• C)a patent application.
• D)a technical writing course.

Differentiate between absolute risk and relative risk.

Calculate and interpret odds ratios in unmatched and matched case-control study designs.

Understand the effect of preventive measures on health outcomes.

Analyze the association between lifestyle factors (e.g., physical activity) and health outcomes.

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Definitions:

NAICS Guidelines

The North American Industry Classification System guidelines classify business establishments for the purpose of collecting, analyzing, and publishing statistical data related to the U.S. economy.

ISO 9000

An international framework of criteria aimed at quality management and assurance to assist businesses in fulfilling the requirements of customers and other stakeholders.

Marketing Actions

Strategic activities undertaken by a company to promote and sell its products or services.

Tangible Attributes

Physical characteristics of a product that can be observed by the senses, such as size, color, weight, or texture.