Match the Business Plan with Its Appropriate Emphasis

question 47

Multiple Choice

Match the business plan with its appropriate emphasis:

• A) summary business plan, works best for companies who are at the point where they need funding or financing; serves as a "blueprint" for the company's operations
• B) operational business plan, works best for companies in the early stages of development that want to "test the waters" to see if investors are interested in their idea
• C) full business plan, works best for companies in the early stages of development that want to "test the waters" to see if investors are interested in the idea
• D) summary business plan, is meant primarily for an internal audience; works best as a tool for creating a blueprint for a company's operations and providing guidance to operational managers
• E) summary business plan, works best for companies in the early stages of development that want to "test the waters" to see if investors are interested in their idea

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Definitions:

Unit Elastic

A situation in economics where the percentage change in quantity demanded is equal to the percentage change in price, resulting in no change in total revenue.

Total Revenue

The overall financial returns a corporation secures by selling products and providing services across a certain interval.

Very Elastic

Very elastic describes demand that significantly changes in response to small changes in price, indicating high sensitivity of consumers.

Total Revenue

The sum of all payments received by a company for its products or services, not accounting for any expenses.