Writing a Business Plan Is Largely a Process Of

question 19

Multiple Choice

Writing a Business Plan is largely a process of:

• A) step-by-step construction.
• B) revision and rewriting.
• C) getting others to write the plan.
• D) finding the right format.

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Definitions:

Monthly Profit

The total revenue of a business minus the total expenses for the month, indicating the financial gain.

Variable Cost

Costs that change in proportion to the level of production or business activity, such as materials and labor.

Variable Cost

Costs that vary in direct proportion to changes in levels of production or business activity, such as materials and labor.

Fixed Cost

A cost that does not change with the volume of sales.