An Important Guideline in Putting the Plan Together Is

question 14

Multiple Choice

An important guideline in putting the plan together is

• A)to overdiversify.
• B)to not highlight critical risks.
• C)to identify the target market.
• D)to impress with excessive detail

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Definitions:

Exchange

The act of giving one thing and receiving another, especially of the same type or value, in return.

Division of Labor

The assignment of different parts of a manufacturing process or task to different people in order to improve efficiency.

Mass Production

The manufacture of large quantities of standardized products, often using assembly line or automation technologies.

Production Possibilities

The different quantities of goods and services an economy can produce when all its resources are fully and efficiently utilized.