Which of the Following Is One of the Six Questions

question 11

Multiple Choice

Which of the following is one of the six questions most lenders and prospective investors expect to be answered in a marketing or business plan?

• A)Does the prospective product meet all government safety standards?
• B)Who is your competition and what are they doing?
• C)Who will be your key suppliers?
• D)What are your taxes?
• E)Is there something unique or distinctive about the product or service that separates it from substitutes and competitors?

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Definitions:

Employee Retirement Income Security Act

A federal law that sets minimum standards for most voluntarily established retirement and health plans in private industry to provide protection for individuals in these plans.

Family and Medical Leave Act

A U.S. law that provides employees with up to 12 weeks of unpaid, job-protected leave per year for certain family and medical reasons.

Consolidated Omnibus Budget Reconciliation Act

A federal law in the United States that provides individuals and their families the right to continue health care coverage under the group plan for limited periods under certain conditions.

Unemployment Insurance

A federally mandated program to minimize the hardships of unemployment through payments to unemployed workers, help in finding new jobs, and incentives to stabilize employment.