Which of the Following Are Key Components of the Business

question 3

Multiple Choice

Which of the following are key components of the business plan?

• A) A description of the product or service
• B) Sources of funding
• C) An analysis of market trends and potential competitors
• D) all of the above

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Definitions:

Reinforcement Schedule

A rule or plan that dictates how frequently a behavior is reinforced.

Negative Punishment

A behavior modification technique involving the removal of a desirable stimulus following an unwelcome behavior with the intention of decreasing that behavior's frequency.

Negative Reinforcement

A behavioral principle where the removal of an unpleasant stimulus following a desired behavior increases the likelihood of that behavior being repeated.

Positive Reinforcement

The addition of a rewarding stimulus following a behavior, intended to increase the likelihood of that behavior reoccurring.