What Distinguishes a Business Plan from Other Forms of Business

question 69

Multiple Choice

What distinguishes a business plan from other forms of business planning?

• A)Nothing, they are all business plans.
• B)It is a bit shorter than the pitch deck.
• C)It is a more formal document.
• D)It does not include a financial forecast.

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Definitions:

Fair Value

The value that could be gained from the sale of an asset or the expense of transferring a liability, in a regulated transaction among market players on the date of assessment.

Asset Acquired

An item of economic value obtained by a company, expected to provide future benefit by generating cash flows or reducing expenses.

Future Service Potential

The potential of an asset to contribute to future operations and cash flows of an organization.

Physical Substance

A characteristic of tangible assets, meaning they have a physical form and can be seen, touched, and measured.