The Two Primary Audiences for a Business Plan Are ________

question 28

Multiple Choice

The two primary audiences for a business plan are ________ and ________.

• A) a firm's employees; officials with the SEC
• B) a firm's customers; its competitors
• C) investors; other external stakeholders and public relations firms
• D) officials with the SEC; public relations firms
• E) a firm's employees and investors; other external stakeholders

---

Definitions:

Shifting Resources

The process of reallocating resources from one use to another, often in response to changes in market conditions or economic priorities.

Production Process

The series of steps and operations involved in the manufacturing of a product or the delivery of a service.

Price Inelastic

Describes a situation in which the demand for a good or service changes little with a change in price.

Extraordinarily Large

A term used to describe a magnitude or amount that significantly exceeds what is common or expected.