COST ACCOUNTING
FINANCIAL TERMINOLOGY
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Executive Summary
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Company Description
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Contingency Plan
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Mission Statement
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Detailed explanation-1: -A business description outline includes a cover page, an executive summary, a business description, a market overview, a customer analysis, a competitive analysis, a marketing plan, an operations plan, a human resources plan, a management plan, and a financial plan.
Detailed explanation-2: -An executive summary is a business plan overview that succinctly highlights its most essential elements. It’s not just a general outline; the executive summary might be the only part of your business plan that busy executives and potential investors read.
Detailed explanation-3: -What is a business description? Also called a company description, your business description summarizes what your company does, its purpose, and what makes it unique. It’s a critical component of your business plan and immediately follows your executive summary.