Which is NOT contained in the business description section of a business plan?
a. the company's legal name and form
b. the company's market niche
c. the company's proposed location
d. the company's vision statement
b
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The difference between a standard and a budget is that ________.
A) a budget generally indicates a total amount while a standard indicates a per unit amount B) a standard acts as an overall guide for operating the business on a planned course of action C) a budget generally indicates a per unit amount while a standard indicates a total amount D) a standard projects future costs while a budget examines past costs
Three measures of profitability for a firm engaging in operations selling merchandise in its stores, to generate net income are: (1) Rate of return on assets, (2) Rate of return on common shareholders' equity, and (3) Earnings per share of common stock
Indicate whether the statement is true or false
Transfer of technology laws are U.S. statutes that require U.S. companies to share their technology and research with firms in Africa
Indicate whether the statement is true or false
Change in prices is an important economic indicator because it is a measurement of consumers' purchasing power
Indicate whether the statement is true or false