A designed change that increases the usefulness of a product.

The official standard for what makes a business small is

Most business plans are updated

The part of a business plan that discusses industry characteristics and economic conditions.

Which of these is NOT an advantage small businesses have over larger competitors?

Money provided by large investors to finance new products and new businesses.

The business idea, ownership structure, and the business' long-term goals are discussed in this section of the business plan.

Money needed for current operating activities of a business.

The part of the business plan that discusses sales forecasts and the location and number of potential patrons.

Comparing the number of new businesses that start each year in the US with the number of businesses that fail,

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