The Major Thrust of the Business Plan, as Defined in the Textbook

question 5

Multiple Choice

The major thrust of the business plan, as defined in the textbook, is to

• A)provide a working document for the venture.
• B)encapsulate the strategic development of the project in a comprehensive document.
• C)serve as a communication tool for the entrepreneur.
• D)outline capital needs for the new venture.

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Definitions:

Opportunity

A set of circumstances that makes it possible to do something or achieve a goal.

Industrial Revolution

The period of major industrialization that took place during the late 1700s and early 1800s, significantly transforming agriculture, manufacturing, and transportation worldwide.

Millions

A numeral term signifying a thousand thousands, or 1,000,000 units of a given quantity.

Alkaline Substances

Alkaline substances are compounds that have a pH level greater than 7, indicating a basic property as opposed to acidic.