Which of the Following Is Not a Requirement for Keeping

question 34

Multiple Choice

Which of the following is not a requirement for keeping a new venture afloat and reducing the risk of business failure

• A) Excess optimism is fine as long as the business is successful
• B) Prepare good marketing plans with clear objectives
• C) Keep abreast of the marketplace
• D) Identify stress points that can put the business in jeopardy

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Definitions:

Foregone Interest

The potential interest income lost when choosing to invest capital in one option over another.

Idle Workers

Employees who are not engaged in production or work activities due to lack of work, broken machinery, or inefficient job allocation, often leading to wasted resources.

Finding Suppliers

The process of identifying and selecting vendors or suppliers who can provide the necessary materials, products, or services for a business.

Customer Service

The assistance and advice provided by a company to those people who buy or use its products or services.