The Text Lists Several Questions That the Business Plan Should

question 113

Multiple Choice

The text lists several questions that the business plan should answer for the entrepreneur who is planning to open a business.Which of the following is one of the questions?

• A) What does she or he want to accomplish?
• B) What financing is available?
• C) What is the demand for the product/service?
• D) What is the most effective production strategy?
• E) What does the competitive situation look like?

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Definitions:

Policy Adviser

An expert that provides recommendations and strategic advice on specific policy issues to politicians, government departments, or other organizations.

Vice President

The second-highest executive officer in a government's executive branch, typically serving under the President and possibly taking over the presidency in case of vacancy.

President

The head of state and government in a republic, often elected by the populace and with executive powers defined by the country's constitution.

Separation of Powers

A foundational principle of governance in which the state's powers are divided among three distinct branches (legislative, executive, and judicial) to prevent abuse of power.