If a Venture Intends to Use the Business Plan to Raise

question 8

Multiple Choice

If a venture intends to use the business plan to raise capital, it is important for the team to do what?

• A) Put the business plan on hold and service the customer
• B) Put the customer off until you have met with the investor
• C) Do the planning and write the plan itself
• D) Seek advice from the key investor

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Definitions:

Equitable Allocation

The fair and just distribution of resources among different groups or individuals.

Gains From Trade

The increase in utility or welfare that countries or individuals can achieve by specializing in the production of goods they are relatively more efficient at and exchanging them.

Decisions At Margin

The process of making decisions based on the additional benefit or cost of one more unit of change rather than on a total or average outcome.

Spending

The amount of money paid out or expended, typically on items or services.