ECONOMICS (CBSE/UGC NET)

ECONOMICS

ENTREPRENEURS

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
A ____ is a document that thoroughly explains a business idea and how it will be carried out.
A
marketing plan
B
financial analysis
C
business plan
D
None of the above
Explanation: 

Detailed explanation-1: -A business plan is a document that outlines your business’s financial goals and explains how you’ll achieve them.

Detailed explanation-2: -A business plan is a document created by a company that describes the company’s goals, operations, industry standing, marketing objectives, and financial projections. The information it contains can be a helpful guide in running the company.

Detailed explanation-3: -A business plan is likely to describe the business and industry, market strategies, sales potential, and competitive analysis, as well as the company’s long-term goals and objectives. An in-depth formal business plan would follow at later stages after various iterations to business model canvases.

Detailed explanation-4: -Executive summary. Briefly tell your reader what your company is and why it will be successful. Company description. Market analysis. Organization and management. Service or product line. Marketing and sales. Funding request. Financial projections. More items

Detailed explanation-5: -Operational Planning. “Operational plans are about how things need to happen, ” motivational leadership speaker Mack Story said at LinkedIn. Strategic Planning. “Strategic plans are all about why things need to happen, ” Story said. Tactical Planning. Contingency Planning. 07-Jul-2017

There is 1 question to complete.