A(n)________ May Be Defined as a Description of a Proposed

question 57

Multiple Choice

A(n) ________ may be defined as a description of a proposed company that explains how it expects to achieve its marketing,financial,and operational goals.

• A)executive summary
• B)business plan
• C)mission statement
• D)abstract

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Definitions:

Profits and Losses

The financial gain or deficit that a business experiences, calculated as the difference between total revenues and total costs.

Income Distribution

The way in which a nation’s total earnings are spread among its population, affecting the economic inequality among different groups.

Competitive Industry Y

An industry where a large number of firms compete against each other to sell their goods or services, making no single firm able to control the market price.

Substantial Losses

Significant financial deficits encountered by a business, usually indicating a much greater extent of economic damage beyond normal losses.