When Describing the Product in the Business Plan, the Entrepreneur

question 31

Multiple Choice

When describing the product in the business plan, the entrepreneur should

• A) use technical terms.
• B) state that the product will sell itself.
• C) use lay terms.
• D) assume that others will like the product.

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Definitions:

Intellectual Ideas

Intellectual ideas pertain to or involve the exercise of the intellect, innovative concepts, or theories.

Philosophy

The study of fundamental nature of knowledge, reality, and existence, especially when considered as an academic discipline.

Only Children

Children who do not have siblings and, as a result, receive all the attention and resources from their parents.

Maladjusted

Describes individuals having difficulty in adapting to the demands and expectations of their social environment.