Trevor Combs Is Thinking About Launching a Small Business Consulting

question 42

Multiple Choice

Trevor Combs is thinking about launching a small business consulting company. To get advice on how to proceed, he stopped by his local Small Business Administration (SBA) office. The SBA advisor told Trevor that one of the first things he needs to do is to sit down and write a 25 to 35 page narrative that describes what his new business plans to accomplish and how it plans to accomplish it. The SBA advisor is telling Trevor to write a:

• A) tactical plan
• B) marketing plan
• C) operations plan
• D) business plan
• E) competitive plan

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Definitions:

Adult Years

The period in a person's life following adolescence, characterized by the assumption of adult roles and responsibilities.

Stage Theory

The concept that development and progress in certain fields occur through distinct phases or stages, each with its own challenges and characteristics.

Development

The process of growth or progress, especially through phases of physical, psychological, or social changes.

Predictability

Predictability in a context refers to the ability to accurately forecast future events or behaviors based on existing data or patterns.