Match the Term with Its Definition

question 22

Multiple Choice

Match the term with its definition.
-A section of the business plan that identifies the potential risks that may be encountered by an investor

• A)business model
• B)business plan
• C)critical risks section
• D)financial plan
• E)lean startup
• F)marketing plan
• G)pitch
• H)product/service plan
• I)revenue model
• J)short plan
• K)value proposition

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Definitions:

Competitive Private Market

A market structure where multiple firms compete against each other under minimal governmental intervention, offering goods and services to consumers.

Copyright Laws

Legal protections granted to creators for their original works, preventing unauthorized use or distribution.

Private Good

a category of goods that are excludable and rival in consumption, meaning that access can be restricted and one person's consumption prevents another's.

Externalities

Economic side effects or consequences that affect uninvolved third parties; can be either positive or negative.