Which of the Following Components of a Business Plan Will

question 44

Multiple Choice

Which of the following components of a business plan will answer the question, "is there a need and demand?"?

• A) Executive summary
• B) Market opportunity and competitive advantage
• C) Goals and business strategy
• D) Detailed financials

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Definitions:

Wundt

Refers to Wilhelm Wundt, often considered the father of modern psychology, who established the first psychology laboratory and emphasized experimental methods.

Piaget

Swiss psychologist known for his pioneering work in child development, especially regarding the cognitive development of children.

Operational Definition

A clear, detailed description of a process, concept, or variable in terms of the procedures or operations required to measure it.

Depression

A mental health disorder characterized by persistently depressed mood or loss of interest in activities, affecting daily functioning.