There Are Three Types of Business Plans

question 9

Multiple Choice

There are three types of business plans:

• A) functional business plan, full business plan, feasibility plan
• B) summary business plan, contingency plan, full business plan
• C) functional business plan, contingency plan, full business plan
• D) opportunity plan, feasibility plan, full business plan
• E) summary business plan, full business plan, operational business plan

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Definitions:

Average Total Cost

The total cost of production divided by the number of units produced, including both fixed and variable costs.

Range of Output

Refers to the variety of products or services produced by a company or industry.

Mixers

Devices used to blend or combine ingredients together, often found in kitchens or for industrial purposes.

Average Fixed Cost

The fixed costs of production (costs that do not change with output level) divided by the quantity of output produced.