A Good Business Plan Leads to a Successful Company When

question 33

Multiple Choice

A good business plan leads to a successful company when the entrepreneur and management team

• A)identify all unexpected events.
• B)make decisions realizing that change may hurt the new company.
• C)understand the plan is static.
• D)effectively execute the plan.

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Definitions:

Favorable Outcome

A result or end-point that is beneficial, positive, or desirable in nature, often in the context of goals, plans, or expectations.

Maslow's Needs

A hierarchy of human needs proposed by Abraham Maslow, suggesting people are motivated to fulfill basic needs before moving on to other, more advanced needs.

Needs Fulfillment

The process of satisfying fundamental human needs, such as those for food, shelter, companionship, and esteem, which are essential for well-being and personal development.

Fourth Stage

Referring to the fourth phase in various developmental theories, it often implies a specific period focusing on a particular challenge or achievement.