ECONOMICS (CBSE/UGC NET)

ECONOMICS

ENTREPRENEURS

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

Which component of a business plan presents all the processes involved in producing and delivering products and services to customers?

A	Operational plan
B	Organizational plan
C	Marketing plan
D	Financial Plan

Explanation:

Detailed explanation-1: -The marketing strategy portion of your business plan presents the approach you plan to take to provide products or services to your customers.

Detailed explanation-2: -Business description The next part of a business plan is the business description. This component provides a comprehensive description of your business and its goals, products, services and target customer base.

Detailed explanation-3: -Main Components of a Business Plan It may include a table of contents, company background, market opportunity, management overviews, competitive advantages, and financial highlights. It’s probably easiest to write the detailed sections first and then extract the cream to create the executive summary.

Detailed explanation-4: -The products and services section of your business plan outlines your product or service, why it’s needed by your market, and how it will compete with other businesses selling the same or similar products and services.

There is 1 question to complete.