An External Test of a Business Plan That Revolves Around

question 116

Multiple Choice

An external test of a business plan that revolves around proving that a market exists is the:

• A)competitive test.
• B)consumer test.
• C)value test.
• D)reality test.

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Definitions:

Organizational Performance

An analysis of a company's efficiency, effectiveness, and ability to meet its goals and objectives.

Transformational Leadership

A leadership style that transforms and motivates followers by appealing to their higher ideals and moral values, often producing significant changes within the organization.

Transactional

Referring to a style of management or leadership that focuses on transactions or exchanges between leaders and followers, often involving rewards for performance.

Participative

Involving or characterized by participation; emphasizing or supporting the active involvement of people in decision-making or other processes.