A Good Business Plan Should Emphasize Sales Forecasts, Market Potential

question 18

True/False

A good business plan should emphasize sales forecasts, market potential, and other financial information.

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Definitions:

Specialized Machine

Equipment designed for a specific purpose or task in the production process, often custom-built or highly specialized.

Financial Advantage

The benefit or gain in financial terms that an entity has, allowing it to achieve better results than others.

Current Profitability

A measure of a company's current earnings and its ability to generate profit over a specified period, typically emphasizing immediate financial health.

Least Profitable

Describes the product, service, or business segment that generates the smallest amount of profit relative to others.