The value test that a business plan must pass to attract financing from lenders and investors involves proving ________.
A) that the company can gain a competitive advantage over its key competitors
B) that the business venture will provide lenders and investors a high probability of repayment or an attractive rate of return
C) that a market for the company's product or service actually does exist and that the company can actually build it for the cost estimates included in the plan
D) that the industry in which the business will compete is growing faster than the overall economy and has room for more competitors
Correct Answer:
Verified
Q14: The three "tests" associated with a business
Q15: Potential investors tend to believe that if
Q16: A well-prepared business plan forces an entrepreneur
Q17: To convince lenders and investors to put
Q20: The reality test that a business plan
Q21: Because the entrepreneur is the driving force
Q22: A table of contents that allows lenders
Q23: The _ is also known as the
Q24: An entrepreneur may find that the business
Q61: The primary purpose of building a business
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents