When Dealing with Weaknesses in a Business Plan,the Entrepreneur Should

question 25

Multiple Choice

When dealing with weaknesses in a business plan,the entrepreneur should

• A)use technical jargon to confuse readers.
• B)ignore weaknesses as they might not attract investors.
• C)assume that investors will not find them.
• D)be straightforward with them and have an action plan.

Comprehend the nature of gaps that may emerge in brand perception among different groups and how to address them.

Grasp the significance of brand audits and customer journey analyses in maintaining brand consistency.

Distinguish between different stakeholder groups and their roles in ensuring brand consistency.

Understand the tools and strategies for aligning stakeholder perceptions with the brand's identity.

---

Definitions:

ATC Curve

The Average Total Cost (ATC) curve in economics represents the total cost per unit of output, calculated by dividing the total cost by the quantity of output produced.

Demand Curve

A graphical representation showing the relationship between the price of a good and the quantity demanded by consumers at various price levels.

Marginal Revenue

The increase in revenue that results from the sale of one additional unit of product or service.

Government Licensing

The process by which a government authority grants permission to individuals or businesses to operate within a regulated profession or activity.