In the Products and Services Section of a Business Plan

question 76

True/False

In the products and services section of a business plan, entrepreneurs would typically identify the need for the product, the extent of that need, who the customers will be, and why they will buy your product.

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Definitions:

Mean Difference

The average difference between two sets of numerical data, often used in statistical analysis to determine the significance of results.

PHStat

An Excel add-in designed to perform statistical analysis specifically tailored to the needs of business and economics students and practitioners.

Success Rate

The proportion of attempts that result in success, often used in the context of projects, tests, or operations.

Orientation Program

A training and information session offered to new employees or participants to familiarize them with organizational policies, goals, and procedures.