Which Key Element of a Business Plan Will Determine Inventory,size

question 75

Multiple Choice

Which key element of a business plan will determine inventory,size of space required,and number of employees needed?

• A) Financial planning
• B) Comparing existing businesses
• C) Sales forecasting
• D) Setting goals and objectives
• E) Identifying strategies and how to implement them

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Definitions:

Uniform Commercial Code

The Uniform Commercial Code (UCC) is a comprehensive set of laws governing commercial transactions in the United States, aiming to standardize laws across states.

Negligent

Failing to take proper care in doing something, resulting in damage or harm to another person.

Certified Check

A check verified by a bank, confirming that the signer has enough funds in their account to cover the check amount.

Cashier's Check

A check issued by a bank, drawn on the bank's own funds and signed by a cashier, used for guaranteed payment.