What Question Are You Answering in Your Plan When You

question 61

Multiple Choice

What question are you answering in your plan when you describe the needs your product or service fulfills for your customer,the problems you are solving for them,and any evidence you have to show that your potential customers will want to buy your offering?

• A)Who is your customer?
• B)How big is the market?
• C)How will you enter the market?
• D)Who is your competition?

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Definitions:

Mark-Up

The amount added to the cost of a product or service to cover overhead and profit.

Selling Price

The amount of money for which a product is sold to the customer, after accounting for discounts, rebates, and other adjustments.

Payment

The transfer of money, or its equivalent, from one party to another in exchange for goods, services, or to fulfill a legal obligation.

Mark-Up

The additional amount added to the cost price of goods to cover overhead and profit, resulting in the selling price.