A Business Document That Specifically Details How You Plan on Selling

question 25

Multiple Choice

A business document that specifically details how you plan on selling your product and find new customers is called a:

• A)sales analysis.
• B)business plan.
• C)competitive strategy.
• D)market strategy.

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Definitions:

Long-Term Debt

An obligation for debt that is due to be repaid in more than 12 months.

5-Year Bank Loan

A financial agreement where a bank lends money to a borrower, to be repaid with interest over a five-year period.

Intangible Assets

Non-physical assets that have value, such as trademarks, patents, copyrights, and goodwill.

Patents

Legal documents granting exclusive rights to inventors for their inventions, protecting them from unauthorized manufacturing or selling.