Mila Is Considering Adding a Description of the Problem She

question 34

Multiple Choice

Mila is considering adding a description of the problem she is currently solving.She should ______.

• A)not include it,as competition might take the opportunity away
• B)include it in the pitch deck,perhaps even as early as slide 3
• C)introduce it in the beginning of a meeting with possible investors,not include it in the pitch deck
• D)describe it out loud,not put it in the slide deck

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Definitions:

Sales

The activity or business of selling goods or services, generating revenue for companies.

Implicit Costs

The opportunity costs of using resources owned by the firm for its own use rather than selling those resources.

Explicit Costs

Direct, out-of-pocket payments for resources employed by firms for production, such as wages or rent.

Accounting Profit

The net income a company reports on the financial statements, calculated by subtracting total expenses from total revenues.