A Document of No More Than 10 Pages, This Tool

question 95

Multiple Choice

A document of no more than 10 pages, this tool answers essential questions with data from interactions with potential customers, suppliers, distributors, and others.

• A)the business brief
• B)back of the napkin
• C)feasibility study
• D)business model

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Definitions:

Year 1

The initial or first year in a given time frame or series, often used as a base year for comparison in financial and performance analysis.

Absorption Costing

An accounting method that includes all direct costs and allocated overhead costs (both fixed and variable) in the cost of a unit of product.

Unit Product Cost

The total cost associated with producing one unit of product, including direct materials, labor, and overhead.

Year 2

The second year in a given timeline or series, often used in financial and performance analysis.