Before Starting on His New Venture, Mike Writes Down the Specifics

question 32

Multiple Choice

Before starting on his new venture, Mike writes down the specifics of his ideas, the amount of money needed, and future business operations. Mike is involved in preparing a _____.

• A) succession plan
• B) business portfolio
• C) business plan
• D) competitive analysis
• E) mission statement

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Definitions:

Stressful Situations

Scenarios that cause stress or anxiety, often requiring careful handling or adaptation.

Art Of Negotiation

The skillful practice of reaching mutually beneficial agreements or resolving disputes, involving techniques such as persuasion, strategic planning, and compromise.

Large Businesses

Corporations or enterprises that operate on a vast scale, often with extensive resources, employees, and market reach.

Small Ones

Refers to items, entities, or units that are lesser in size, quantity, or significance.