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Discuss the Basic Four Business Plan Objectives for an Entrepreneur

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Short Answer

Discuss the basic four business plan objectives for an entrepreneur starting a new venture.


Definitions:

Means

Statistical measures that represent the average value in a set of numbers, calculated by dividing the sum of all numbers by the count of numbers.

Null Hypothesis

The default hypothesis that there is no effect or no difference, and any observed deviation from this state is due to chance.

Directional

Pertaining to a hypothesis or research that specifies the direction of an expected relationship or difference between variables.

Alternative Hypothesis

The hypothesis stating there is a significant difference or effect, tested against the null hypothesis.

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