A Business Plan ________

question 111

Multiple Choice

A business plan ________.

• A)is a valuable managerial tool that helps an entrepreneur focus on developing a course for the business in the future
• B)is a valuable tool for convincing lenders or investors to put money into the business
• C)forces an entrepreneur to think a business idea through, considering both its positive and its negative aspects
• D)All of the above

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Definitions:

Lack of Trust

A situation or relationship in which confidence or belief in reliability, truth, ability, or strength of someone or something is absent or diminished.

Incremental Changes

Small, gradual modifications or adjustments made to processes, practices, or products aimed at improving efficiency, quality, or performance over time.

Unexpected Situations

Events or circumstances that arise without warning, often requiring immediate attention or adaptation.

Tuning

Tuning involves making adjustments to a system, process, or instrument to improve its performance, accuracy, or efficiency.