A Business Plan for a New Venture Has Many Components

question 8

Multiple Choice

A business plan for a new venture has many components.Which of the following would you not expect to be a significant component in a business plan?

• A)Demonstration of technological merit and novelty.
• B)Identification of the key markets and customers.
• C)Assessment of potential competitors and barriers.
• D)Estimations of cash-flow and financial requirements.

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Definitions:

Average Scores

A statistical measure that represents the central or typical value in a set of data, calculated by dividing the sum of all values by the number of values.

Probability

A measure of the likelihood that an event will occur, quantified as a number between 0 and 1, where 0 indicates impossibility and 1 indicates certainty.

Descriptive Statistics

Statistical procedures used to summarize, organize, and simplify data, including measures of central tendency and variability.

Inferential Statistics

Statistical methods that allow researchers to make inferences or predictions about a population based on a sample of data.