Once the Business Plan Is Finished, the Next Step Is

question 16

Multiple Choice

Once the business plan is finished, the next step is to:

• A)choose a business format
• B)locate customers
• C)create a promotional campaign
• D)find financing for the business
• E)buy all fixed assets needed to operate business

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Definitions:

Tax Burden

The measure of the total amount of taxes imposed by government on individuals, corporations, goods, and services, affecting the income and purchasing power of taxpayers.

Buyer

An individual or entity that purchases goods or services for personal use or for the purpose of resale.

Tax Revenue

Income that is gained by governments through taxation, which is then used to fund public services and government commitments.

Government Benefit

A form of financial or in-kind assistance provided by the government to individuals, groups, or organizations.