A Detailed Written Statement That Describes the Nature of the Business,the

question 88

Multiple Choice

A detailed written statement that describes the nature of the business,the target market,the firm's competitive advantages,as well as the resources and qualifications of the owner(s) is a(n) :

• A)professional action plan.
• B)profit and loss statement.
• C)entrepreneurial mission statement.
• D)business plan.

---

Definitions:

Law-enforcing Power

Refers to the authority granted to designated bodies or officials to enforce laws, regulations, and maintain public order.

Executive Branch

The branch of government responsible for implementing and enforcing laws, typically headed by a president or prime minister.

Legislative Branch

The branch of government responsible for creating, amending, and repealing laws.

Judicial Branch

The branch of government responsible for interpreting the law and administering justice through courts and other judicial institutions.