Which Component of the Business Plan Provides the Timeline for Completion

question 18

Multiple Choice

Which component of the business plan provides the timeline for completion of the prototype and final product or service?

• A) I ndustry/market analysis
• B) O perations plan
• C) M arketing plan
• D) P roduct/service development plan
• E) Founding or management team

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Definitions:

Debit Entry

An accounting entry that increases an asset or expense account, or decreases a liability, equity, or revenue account.

Credit Entry

An accounting entry that increases a liability or equity account or decreases an asset or expense account.

Service Revenue

Income earned by a company for services provided to customers or clients.

Credit Side

Refers to the right side of a ledger account and is where increases in liabilities, equity, and revenue are recorded.