Which of the Following Components of a Business Plan Describes

question 16

Multiple Choice

Which of the following components of a business plan describes customers and other organizations in a business's external environment?

• A)Concept of the venture
• B)Description of the team
• C)Discussion of operational plans
• D)Executive summary

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Definitions:

Phallic Stage

A Freudian concept referring to a stage of psychosexual development, typically occurring between the ages of three and six, where children's focus of pleasure is on the genital organs.

Latency Stage

A phase in Freud’s psychosexual development occurring between ages 6 and puberty, where sexual urges are repressed, and children focus on social and intellectual skills.

Postpone Gratification

The ability to resist the temptation for an immediate reward and wait for a later reward.

Personality

A unique set of emotional, thought, and behavioral patterns that define an individual's typical responses to situations.