Small Business Plans Differ from Large Company Plans in That

question 13

Multiple Choice

Small business plans differ from large company plans in that:

• A)small business plans normally do not discuss strategic planning at all.
• B)small business plans usually don't include short-term forecasts.
• C)small business plans don't generally discuss the decision to choose the business they are in over others.
• D)Both a and b
• E)All of the above

Explain market failures, including the provision and funding of public goods.

Understand the economic implications of pharmaceutical pricing and production levels on social welfare.

Determine efficient output levels in markets with different cost structures.

Understand the role and implications of nonexcludable and nonrival goods in a market economy.

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Definitions:

Franchisor

A business entity that grants another party the right to operate a business using its trademark, products, and business model.

Prospective Franchisee

An individual or entity considering the acquisition of a franchise license to operate a franchised business.

Reasonable Basis

Reasonable basis is a standard in law and finance that suggests a belief or action is supportable based on the facts and evidence available at the time, implying due diligence was exercised.

Limited Legal Liability

A legal status in which an individual's financial responsibility for a business's debts or obligations is restricted to a predetermined amount, usually limited to their investment.