A Business Plan Is a Written Summary of ________

question 98

Multiple Choice

A business plan is a written summary of ________.

• A)an entrepreneur's proposed business venture
• B)a business venture's operational, financial, and marketing details
• C)the skills and abilities of a business venture's managers
• D)All of the above

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Definitions:

Common Trade Practices

Established methods or patterns of behavior routinely observed and accepted in a particular industry or trade.

Exclusive Provider

A sole supplier of a particular product or service within a specific market or arrangement.

Unconscionable

Refers to actions or terms in a contract that are so unjust or overwhelmingly one-sided in favor of the party with more power that they are contrary to good conscience.

Market Price

The current price at which an asset or service can be bought or sold in a public market.