Explain the correct answer as well as wrong answer Which of the following is not a tool for improving creativity? A) Divergent Thinking B) Observe Trends C) Connect & Combine D) Challenge Assumption E) None of the above The ________ is arguably the most important section of a business plan. A) appendix B) executive summary C) industry analysis D) operations plan E) financial plan Terence is thinking about launching a small business consulting company. To get advice on how to proceed, he stopped by his local Small Business Administration (SBA) office. The SBA advisor told Terence that one of the first things he needs to do is to sit down and write a 25 to 35 page narrative that describes what his new business plans to accomplish and how it plans to accomplish it. The SBA advisor is telling Trevor to write a: A) competitive plan B) tactical plan C) operations plan D) business plan E) marketing plan Which of the following is not one of the four areas of feasibility analysis discussed in the textbook? A) organizational feasibility B) product/service feasibility C) financial feasibility D) institutional feasibility E) industry/market feasibility

Understanding Business
12th Edition
ISBN:9781259929434
Author:William Nickels
Publisher:William Nickels
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
Section: Chapter Questions
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Explain the correct answer as well as wrong answer

Which of the following is not a tool for improving creativity?

A) Divergent Thinking B) Observe Trends C) Connect & Combine D) Challenge Assumption E) None of the above

The ________ is arguably the most important section of a business plan.

A) appendix B) executive summary C) industry analysis D) operations plan E) financial plan

Terence is thinking about launching a small business consulting company. To get advice on how to proceed, he stopped by his local Small Business Administration (SBA) office. The SBA advisor told Terence that one of the first things he needs to do is to sit down and write a 25 to 35 page narrative that describes what his new business plans to accomplish and how it plans to accomplish it. The SBA advisor is telling Trevor to write a:

A) competitive plan B) tactical plan C) operations plan D) business plan E) marketing plan

Which of the following is not one of the four areas of feasibility analysis discussed in the textbook?

A) organizational feasibility B) product/service feasibility C) financial feasibility D) institutional feasibility E) industry/market feasibility

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