The Following Statement Answers Which Major Question That a Business

question 35

Multiple Choice

The following statement answers which major question that a business plan should address? "This business will serve over 200 customers by the end of the year and employ seven full-time employees."

• A) How much will the new business cost?
• B) Why is this new business a good idea?
• C) What are the goals for the business?
• D) What is the nature and mission of the business?
• E) How often will the business advertise?

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Definitions:

Price Stability

An economic condition in which the prices of goods and services remain relatively constant over time, preventing significant inflation or deflation.

Full Employment

Refers to a situation in an economy where all available labor resources are being used in the most efficient way possible, typically characterized by the absence of cyclical unemployment.

Unemployment Insurance

A government program that provides financial assistance to individuals who have lost their jobs through no fault of their own, to help them meet expenses while they search for new employment.

Disposable Income

Post-income tax monetary resources that households can allocate for both savings and lifestyle expenditures.