Match the Term with Its Definition

question 87

Multiple Choice

Match the term with its definition.
-A section of the business plan that offers information on how a product will be produced or a service provided, including descriptions of the new firm's facilities, labor, raw materials, and processing requirements

• A)business model risk
• B)comprehensive plan
• C)cost structures
• D)executive summary (overview)
• E)exit strategy section
• F)key resource requirements
• G)management team section
• H)offering
• I)operations and development plan
• J)pivoting
• K)pro forma statements

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Definitions:

Top-Down Plan

A planning approach where decision making starts at the highest level of management and cascades down to lower levels.

Bottom-Up Plan

A planning approach that starts at the operational level, with detailed tasks and schedules, and integrates them into an overall strategic plan.

Realistic Compromise

An agreement or solution that is practical and achievable, considering the existing limitations and differences between parties.

Aggressive Optimism

A mindset or investment strategy characterized by a high expectation for positive outcomes, often leading to higher risk-taking.