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When a Potential Business Owner Has Several Ideas for a Business

question 42

True/False

When a potential business owner has several ideas for a business, he or she needs to identify one on which to perform a due diligence analysis.


Definitions:

Internet Time

A concept that reflects the acceleration of product development, innovation, and market transformation attributed to the rapid exchange of information via the internet.

Strategic Time

A planned duration allocated for formulating, executing, and reviewing strategic plans to achieve long-term organizational goals.

Specific Results

Outcome or achievements that are clearly defined and quantifiable.

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