Explain Three Reasons Why a Start-Up Organization Would Have a Written

question 5

Essay

Explain three reasons why a start-up organization would have a written business plan.

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Definitions:

Rustbucket

A term referring to an old, deteriorating vehicle, especially one suffering from rust and neglect.

Used Cars

Vehicles that have had one or more retail owners before, often sold through various outlets including franchise and independent car dealers.

Productivity

A measure of the efficiency with which goods and services are produced, often quantified as output per unit of input.

Separating Equilibrium

A situation in different types of market participants, each with their own unique characteristics, make distinct choices that reveal their type.