Which of the Following Statements Is Not True According to the "Two-Thirds

question 124

Multiple Choice

Which of the following statements is not true according to the "two-thirds rule"?

• A) Only two-thirds of entrepreneurs with a sound and viable business venture will find financial backing.
• B) Entrepreneurs who do get financing for their business will get only two-thirds of the capital they initially requested.
• C) Entrepreneurs who do get financing for their businesses will find that it takes them two-thirds longer to get it than they anticipated.
• D) Only two-thirds of entrepreneurs will take the time to prepare a business plan.

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Definitions:

AIDA Procedure

A model used in marketing and advertising that stands for Attention, Interest, Desire, and Action; outlining the steps to influence a customer's buying decision.

Formula Sales Presentation

A standardized and methodological approach to sales presentations, following a specific formula to achieve consistency and effectiveness in selling efforts.

High Pressure Selling

A sales approach characterized by aggressive tactics designed to pressure a customer into making a purchase decision quickly.

Memorized Sales Presentation

A pre-prepared script for a sales pitch that is memorized and delivered in a consistent manner to multiple potential buyers, focusing on product features and benefits.