Question

The competitive test that a business plan must pass to attract financing from lenders and investors involves proving ________. Group of answer choices that the business venture will provide lenders and investors a high probability of repayment or an attractive rate of return that the company can gain a competitive advantage over its key competitors 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 that the industry in which the business will compete is growing faster than the overall economy and has room for more competitors

Answer 1

Answer:

that the company can gain a competitive advantage over its key competitors

Explanation:

Competitive Testing refers to a tool that is used to analyze various products and services from the perspective of the user.

The competitive test that a business plan must pass to attract financing from lenders and investors involves proving that the company can gain a competitive advantage over its key competitors.