If You Go Through the Exercise of Preparing a Business

question 214

True/False

If you go through the exercise of preparing a business plan, only to determine that you need twice the amount of money to start the business than you have, the SBA and other expert organizations encourage you to go ahead with your plans because if you understand the market, you can use the revenues you accrue to make up the shortfall.

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Definitions:

Bananas

A type of fruit that is elongated and curved, with soft flesh rich in starch and covered with a rind, which may be green, yellow, red, purple, or brown when ripe.

Comparative Advantage

The ability of an individual, company, or country to produce a good or service at a lower opportunity cost than competitors.

Specialization

The practice of focusing on a narrow area of work or study to gain efficiency or expertise.

Trade

The act of buying, selling, or exchanging goods and services between people or entities within or across borders.