Which of the Following Is Correct with Regard to Business

question 172

Short Answer

Which of the following is correct with regard to business planning?
A business plan is a good thing to have, but it is generally not a requirement for securing resources for the proposed new venture.
If market conditions are changing rapidly, the benefits gained from extensive research and planning will diminish quickly.
If the product is highly innovative, research is particularly important.
Planning should be completed before action is taken.
All things considered, it is probably best to plan to start as a franchise.

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Definitions:

Beat

The basic unit of time in musical rhythm, or the act of striking something to produce a sound or indicate rhythm.

Ventricles

The two lower chambers of the heart that receive blood from the atria and pump it out to the body and lungs.

Cycle

A sequence or series of events that recur regularly and usually lead back to the starting point.

Heart Rhythm

The sequence of heartbeats, including their speed and rhythm, which can be regular or irregular depending on the heart's electrical activity.