An Entrepreneur May Find That the Business Plan Indicates That

question 89

True/False

An entrepreneur may find that the business plan indicates that the business concept is not viable. This is another potential benefit of writing a business plan; this revelation occurred before the owner committed significant resources (time and money)to the venture.

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Definitions:

Financial

Relates to finance, encompassing the management, creation, and study of money, banking, credit, investments, assets, and liabilities.

HR

Human Resources; a department within organizations concerned with the management of people, including recruiting, training, and welfare.

TPSs

Transaction Processing Systems, which are software and hardware systems designed for processing business transactions efficiently and accurately.

SaaS

Software as a Service (SaaS) is a cloud computing model that delivers software applications over the internet, on a subscription basis.