The First and Most Important Question to Ask When Evaluating

question 116

Multiple Choice

The first and most important question to ask when evaluating product-market opportunities is:

• A) "How does it fit with our objectives and resources?"
• B) "What is the sales forecast for this product?"
• C) "How much profit will we make this year?"
• D) "How much do we need to invest in this product?"
• E) "How far along is our research and development effort in this area?"

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Definitions:

Personal Defense

A legal argument or strategy used by an individual to justify actions taken or to protect oneself from criminal or civil liability.

Failure Of Consideration

occurs when the promised performance in a contract is not delivered, rendering the contract voidable or void.

Revised Article 3

Amendments made to Article 3 of the Uniform Commercial Code, which governs negotiable instruments like checks and drafts, to modernize and clarify its provisions.

Claims

Formal requests or demands for payment or compensation for losses or damages covered under an insurance policy.