When describing the product in the business plan,the entrepreneur should
A)use technical terms.
B)state that product will sell itself.
C)use layman terms.
D)assume that others will like the product.

Question

Quizplus · Accepted Answer

The entrepreneur should use layman terms when describing the product in the business plan. This will ensure that everyone, including potential investors and customers, can understand the product and its benefits. Using technical terms may confuse some readers, and assuming that others will like the product is risky without providing evidence or market research. Additionally, stating that the product will sell itself may come across as overconfident and unrealistic.

When Describing the Product in the Business Plan,the Entrepreneur Should