A Business Plan May Fail Because the _______ Is Unclear

question 13

Short Answer

A business plan may fail because the _______ is unclear, not concise, and not specifically targeted to the intended audience.

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Definitions:

Death Spiral

A term often used in insurance and pricing strategies to describe a situation where pricing adjustments lead to reduced participation or purchase, necessitating further price increases, and thus accelerating a decline in demand or viability.

Health Insurance

A type of insurance coverage that pays for medical and surgical expenses incurred by the insured as a part of a health care system.

Premiums

Payments made regularly to an insurance company or the additional amount above the normal price.

Private Insurance Companies

Independent firms that offer policies to individuals or entities to cover various risks in exchange for premium payments.