The Main Purpose of Writing a Business Plan Is To

question 3

Multiple Choice

The main purpose of writing a business plan is to:

• A) develop new applications
• B) test the viability of the business idea and set a path for the entrepreneur to follow.
• C) avoid competition.
• D) provide a historical perspective of the venture.

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Definitions:

Nonhostile Social Comparison

Engaging in comparison with others in a way that is not antagonistic or envious, often for self-evaluation or improvement purposes.

Cooperation Goals

Objectives that require individuals or groups to work together in order to achieve a mutual objective.

Peer Victimization

The experiences of children who are chronically harassed, teased, and bullied by peers.

Middle School

An educational institution that serves students in the intermediate grades, usually between elementary school and high school.