Which of the Following Would Be Included in the Description

question 129

Multiple Choice

Which of the following would be included in the description of the product or service section of the business plan?

• A) The position of the product in the product life cycle
• B) A summary of any patents, copyrights, or trademarks protecting the product or service
• C) A description of the features and the benefits customers get by purchasing the company's products or services
• D) All of the above

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Definitions:

Contract

A legally binding agreement between two or more parties that outlines terms and conditions.

Required Rate

The minimum return or interest rate a lender demands or an investor expects to receive from an investment.

Simple Interest

Interest calculated only on the initial amount of a loan or principal, not on the interest previously earned.

Payments

Amounts of money that are paid or due to be paid as part of a contractual agreement or obligation.