The ________ Test That a Business Plan Must Pass in Order

question 70

Multiple Choice

The ________ 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 included in the plan.

• A) reality
• B) competitive
• C) value
• D) profitability

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Definitions:

Exchange Rate

The price or value of one currency in terms of another, determining how much of one currency can be exchanged for another.

Litre

A metric unit of volume equal to 1000 cubic centimeters or approximately 0.26 US gallons, commonly used to measure fluids.

France

A country located in Western Europe, known for its history, culture, and significant contributions to art, science, and philosophy.

Exchange Rate

The worth of one currency when converted into another, establishing the amount one currency is valued in comparison to another.