The New Environment for Business Planning Makes the Case for the Importance

question 11

Multiple Choice

The new environment for business planning makes the case for the importance of a feasibility study and ____ to prove the concept and enable the founding team to launch the venture before completing the formal business plan.

• A)micro strategies
• B)marketing plan
• C)POC
• D)executive summary
• E)prototype

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Definitions:

Journal Entry

A record in the books of accounts that documents a business transaction.

Acquisition

The process of obtaining control of another company either through purchase or merger.

Book Value

The net value of a company's assets minus its liabilities, as recorded on the balance sheet.

Poison Pill

A defensive strategy used by corporations to deter hostile takeovers by making the company less attractive to the potential acquirer.