Which of the Following Statements About Business Plans Is NOT

question 24

Multiple Choice

Which of the following statements about business plans is NOT accurate?

• A)The company description section describes the company's founding, growth, sales, and profits.
• B)Investors are looking only for unique products or services to ensure a return on their investment.
• C)Start-up companies should explain in the product/service description section why the business will be profitable.
• D)The product/service description section describes why the product is better than existing products or services.

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Definitions:

Fetishism of Commodities

A concept in Marxist theory referring to the perception of the social relationships involved in production, not as relationships among people, but as economic relationships among the money and commodities exchanged in the market.

Capitalism

An economic system characterized by private or corporate ownership of capital goods, by investments determined by private decision, and by prices, production, and the distribution of goods that are determined mainly by competition in a free market.

Reifies

Converts abstract concepts into concrete entities.

Industrial Production

The process of manufacturing goods and materials in factories and plants, typically on a large scale.