In Some Professional Areas, the Business Plan Is Referred to as A(n)

question 3

Multiple Choice

In some professional areas, the business plan is referred to as a(n)

• A)proposal for economic development.
• B)investment prospectus.
• C)strategic development project.
• D)proposal for organizational growth.

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Definitions:

Market

A market is a platform or environment where buyers and sellers come together to facilitate the exchange of goods, services, or information.

Capital Goods

Long-lasting goods acquired by a business to produce goods or services, as opposed to being sold directly to consumers.

Productive Resources

Inputs used in the production of goods or services in order to make an economic profit. These include land, labor, capital, and entrepreneurship.

Consumer Goods

Products and services that are purchased or consumed by individuals or households for their direct satisfaction and needs.