Identifying an Unmet Need Does Not Ensure That a Venture

question 22

Multiple Choice

Identifying an unmet need does not ensure that a venture will succeed in the market. Therefore, a business plan should include the________

• A) main competitive methods used by potential rivals.
• B) product lines of every potential rival.
• C) product lines of major potential rivals.
• D) all (a-c) should be included in the business plan.
• E) both a and b should be included.

Understand how to prepare and correct a trial balance.

Recognize the importance of accuracy in financial statements and identify the consequences of errors.

Understand the stages and theorists of child development.

Comprehend the psychological and cognitive development theories, including those of Erikson, Piaget, and Mead.

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Definitions:

Arbitragers

Individuals or entities that try to profit from price differences of the same or similar financial instruments on different markets or forms.

Risk-Free Profits

Refers to profits made through investment or transactions that carry no risk of financial loss.

Mini-Dow Futures

A futures contract that represents a fraction of the value of standard Dow Jones Industrial Average futures, allowing for investment with a smaller capital outlay.

Listed Price

The price at which a security is listed for trading on a stock exchange.