Connie's Corner Café Having Done the Culinary Classes at the Local College, Connie

question 57

Multiple Choice

Connie's Corner Café
Having done the culinary classes at the local college, Connie has decided to explore the idea of opening her own business, "Connie's Corner Café". She has found the ideal location next to the college. However, it appears that Connie will have to get some outside investors or bankers involved for the financial backing to get this venture off the ground. When she talked to her local bank manager, Mr. Johnson, he immediately asked for Connie's business plan. Connie knew she was in trouble because she didn't even know what a business plan looked like.

-Connie should be aware of which of the following risks that may cause Mr.Johnson to evaluate her plan negatively?

• A)Most likely the numbers
• B)Experiencing deficit
• C)High hit rate for preselling
• D)Adequate or high payback

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Definitions:

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