The Reality Test That a Business Plan Must Pass in Order

question 131

True/False

The reality test that a business plan must pass in order to attract financing from lenders and investors involves proving that a market for the company's product or service actually does exist, and that the company actually can build it for the cost estimates in the plan.

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Definitions:

Persuasive

Having the ability or intent to convince or influence someone to believe or do something through reasoning or the use of emotion.

Subject Line

The title or header of an email, designed to summarize the message's content and prompt the recipient to open the email.

Ethical Responsibilities

Ethical Responsibilities are the moral obligations or duties that individuals or organizations have, ensuring actions and decisions align with ethical principles.

Problem-solving Message

Communication aimed at addressing and providing solutions to specific issues or challenges.