Which of the Following Is Recommended When Presenting Your Plan

question 25

Multiple Choice

Which of the following is recommended when presenting your plan?

• A)Give the best-case scenario for your business in order to attract others.
• B)Be conservative in your financial and market forecasts.
• C)Be certain that you can capture 30% to 40% of the targeted market.
• D)Be certain that you can capture at least 50% of the targeted market.

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Definitions:

Logistics

The detailed coordination and implementation of complex operations involving the movement of people or goods.

Value Chain Optimization

A strategic process aimed at improving efficiency and competitive advantage by analyzing and optimizing each step involved in producing a product or service.

Enterprise Resource Planning (ERP) Systems

Integrated software platforms that manage a company's core business processes, such as finance, supply chain, operations, reporting, manufacturing, and human resource activities.

Electronic Data Interchange (EDI) Systems

A set of computer systems that allow the electronic transfer of business documents, such as orders and invoices, between organizations.