Which of the Following Statements Is TRUE About the Components

question 4

Multiple Choice

Which of the following statements is TRUE about the components of a business plan?

• A) Potential business owners can use a common template to write a business plan because all plans share the same components.
• B) Business plans all have the same key components; however, some may be included in a different order.
• C) All business plans discuss the specific product before analyzing how the product fits the market.
• D) All business plans are different depending on the business; however, most have a few components in common.
• E) All business plans are unique and share no common characteristics or components.

---

Definitions:

Sudden Surge

An abrupt and substantial increase or intensification of something, such as energy, activity, or emotion, occurring in a short period of time.

Proficient

Having a high degree of skill or expertise in a particular field or activity.

Mastering

The process of acquiring complete skill or knowledge in a subject or activity.

Career Development

The process of managing life, learning, and work over the lifespan to progress in one’s job or occupation.