It Is Recommended That Business Plans

question 19

Multiple Choice

It is recommended that business plans:

• A) should be adapted from existing successful business plans.
• B) should be written by the entrepreneur.
• C) should be written by an outside consultant.
• D) should only be used when required by lenders.

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Definitions:

Fixed Costs

Expenses that do not change with the level of production or sales activities, such as rent, salaries, and insurance.

Peak-period Orders

Orders that occur at the highest volume times, often during seasonal or specific heavy demand periods.

Logistics Department

A division within a company that manages the movement of goods from the manufacturer to the end-user, covering transportation, warehousing, and inventory.

Operating Divisions

Sections or branches within a company that focus on distinct lines of business or market areas, responsible for their own revenues, expenses, and operations.