ECONOMICS (CBSE/UGC NET)

ECONOMICS

ENTREPRENEURS

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
The ____ section of the business plan should be written last.
A
financial statements
B
executive summary
C
appendices
D
None of the above
Explanation: 

Detailed explanation-1: -Remember-while the executive summary appears first in the business plan, it should be written last since it is the summary. A business plan is developed from the bottom up, so you need to work out all the details before you can write the summary.

Detailed explanation-2: -Write your executive summary last Because the contents of your executive summary relies on the information compiled in the rest of your document. Writing it at the end of the process, once you have all of the other sections completed, allows you to summarize and review all of your key points in one concise document.

Detailed explanation-3: -Although the executive summary is the first thing the reader sees, it should be the last thing you write after you’ve covered all the other sections in detail. This can help ensure you’re including the most important elements in the executive summary.

Detailed explanation-4: -The executive summary will briefly cover the most essential topics your business plan covers. For this reason, you should write the entire business plan first, and then create your executive summary. The executive summary should only cover facts and details included in the business plan.

Detailed explanation-5: -The executive summary goes near the beginning of the business plan but is written last. To include a summary of the different parts of your business plan, you’ll need to write them first. When you write the executive summary, keep it under two pages.

There is 1 question to complete.