What Is One of the Big Assumptions One Makes When

question 13

Multiple Choice

What is one of the big assumptions one makes when projecting revenue for the venture concept?

• A) Assuming those who make an initial purchase will continue to be repeat purchasers
• B) Assuming customers currently satisfied with existing alternatives will switch to your offering
• C) Assuming those who make an initial purchase will not continue to be repeat purchasers
• D) None of the above

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Definitions:

Partnership

A legal business arrangement where two or more individuals share ownership, profits, risks, and responsibilities.

Communist Countries

Nations that practice or claim to practice a system of government based on the communist ideology, characterized by the community or state ownership of all property and means of production, with the aim of achieving classlessness and statelessness.

Investment

The allocation of resources, such as capital or time, in the expectation of generating income or profit.

MPC

Marginal Propensity to Consume, a metric that represents the proportion of an additional unit of income that is spent on consumption.