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Turning a Strategy into a Profitable Business Usually Requires Money

question 204

True/False

Turning a strategy into a profitable business usually requires money, people, and other resources, such as production capacity, as well as a marketing plan.

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Definitions:

De Facto Corporation

A company that operates like a corporation and may be treated as one for legal purposes, despite not having completed formal incorporation steps.

State Incorporation Statute

Laws established by individual states governing the process, requirements, and regulations for the incorporation of businesses within their jurisdiction.

Closely Held

Refers to a business that has a small number of shareholders, often family members, without public stock offerings.

Offer Stock

The process by which a corporation issues new shares of stock to potential buyers, typically to raise capital.

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