The principle reason for writing a business plan is to
A) help the founders remember what they are trying to accomplish.
B) provide an operational framework for the business.
C) acquire external funding.
D) provide strategic direction to employees.
C
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In the classic linear approach, identify the stage of the new product development process in which the company determines the markets it wants to enter
A) opportunity identification B) testing and concept development C) initial design and concept screening D) life cycle management
You just bought a home for $250,000 and are scheduled to make monthly payments of $1,834.41 for 30 years at 8% APR. Suppose you add $400 each month to the $1,834.41 house payment, making your monthly payment $2,234.41
This extra amount is applied to the principal. How long will it take you to pay off your loan of $250,000? Use a calculator to determine your answer. A) It will take about 206 months. B) It will take about 216 months. C) It will take about 15.5 years. D) It will take about 16.5 years.