Before Beginning to Write a Business Plan, the Entrepreneur Should

question 88

Multiple Choice

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

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

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Definitions:

Clear Understanding

A comprehensive and unambiguous grasp of a concept, situation, or piece of information.

Binding

The action or process of securing or tying materials together, or the effect of a contractual or legal obligation that compels adherence.

Decision Making

The cognitive process of selecting a course of action from among multiple alternatives, often involving consideration of potential outcomes.

Involvement

The act of being engaged or participating in activities or groups, often implying a commitment to shared goals or objectives.