If an Entrepreneur Has a Good Enough Product or Service

question 93

True/False

If an entrepreneur has a good enough product or service to sell, a business plan is not really necessary since the product or service will sell itself.

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Definitions:

Transfer Price

The price charged by one division of a company for products or services that it supplies to another division within the same company.

Valve Division

A specialized department or segment of a company focused on the production and distribution of valves.

Pump Division

A specialized segment within an organization focused on producing and managing pumps.

Customer Service Department

A division within a company that handles inquiries, supports customers with issues, and provides information regarding products or services.