A Good Executive Summary Provides the Opportunity to Develop an Elevator

question 104

Multiple Choice

A good executive summary provides the opportunity to develop an elevator pitch. What is an elevator pitch?

• A) the approach you take when selling elevators
• B) the short explanation of your business idea condensed to its essence
• C) directions you provide to vendors to find your business
• D) a list of your products

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Definitions:

Cheat

To act dishonestly or unfairly in order to gain an advantage, particularly in contexts like games, exams, or sports.

Payoff Matrix

A table that describes the potential outcomes of a game or decision involving multiple players, showing the payoffs for each strategy combination.

Dominant Strategy

An action in game theory that yields the best outcome for a player, regardless of what the other players do.

Low Price

A cost that is relatively small or lower than average.