A(n) _____ Plan Describes the Direction for a New Business

question 140

Multiple Choice

A(n) _____ plan describes the direction for a new business and the financing needed to operate it.

• A) succession
• B) business
• C) structural
• D) operational
• E) feasibility

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Definitions:

Operational Effectiveness

The ability of an organization to execute its operations more efficiently than its competitors, often by optimizing internal processes.

Cost Leader

A strategy or company that aims to achieve a competitive advantage by reducing operational costs and offering lower prices than competitors.

Efficiently

Performing or functioning in the best possible manner with the least waste of time and effort.

Customer Oriented

A business strategy focusing on creating a positive experience for customers through services and products tailored to their needs and feedback.