What Is One Thing You Should Always Remember About the Solutions

question 22

Multiple Choice

What is one thing you should always remember about the solutions section of your business plan?

• A) Investors don't care about the time needed to get the first product or service to the market
• B) Investors do not need you to describe your product/service portfolio; they can figure it out
• C) Investors do not like to invest in onesies,e.g. a single product or service
• D) Investors always like to invest in onesies

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Definitions:

Marginal Revenue

The additional income from selling one more unit of a good or service.

Marginal Cost

The hike in overall costs when one extra unit of a product or service is produced.

Economic Profits

The difference between total revenue and total costs, including both explicit and implicit costs, representing surplus remaining after all costs have been paid.

Entry Barriers

Obstacles that prevent or hinder new competitors from easily entering an industry or area of business.