At the Heart of Every Successful Entrepreneurial Venture Is the Articulation

question 82

Multiple Choice

At the heart of every successful entrepreneurial venture is the articulation of a strong and distinctive ________,an analysis of the benefits,costs,and other value to the target customer and other groups within and outside of the organization.

• A)bottom-line analysis
• B)value proposition
• C)market valuation
• D)equity assessment

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Definitions:

Invoice

A document issued by a seller to a buyer, detailing a transaction and requesting payment.

Payment

The transfer of money or goods from one party to another in exchange for goods, services, or to fulfill a legal obligation.

ROG

Depending on context, can refer to Receipt of Goods, indicating the time when goods are received and payment obligations begin.

Outstanding Balance

The amount of debt, or loan, that has not yet been repaid. It can change daily due to interest and payments.