Determining What Resources Are Needed, When They Are Needed, and How

question 43

Multiple Choice

Determining what resources are needed, when they are needed, and how to acquire them is a critical piece of the ____. ​

• A)business plan
• B)feasibility analysis ​
• C)founding team experience ​
• D)marketing plan
• E)profit and loss statements

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Definitions:

Late Nineteenth Century

Refers to the period from 1870 to 1899, characterized by industrialization, urbanization, and significant social and political changes globally.

Redress

The act of correcting an injustice or receiving compensation for wrongs or injuries.

Harvest Strategy

A business approach focused on extracting maximum profits from a product, division, or business segment with minimal investment.

Retrenchment Strategy

A strategy used by businesses to reduce their size or operations in response to economic challenges or poor performance in order to become more financially stable.