ENTREPRENEURIAL PLANNING
BUSINESS PLAN DEVELOPMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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____ is the first element of business plan.
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Executive summary
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Company description
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Industry analysis
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Market analysis
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Explanation:
Detailed explanation-1: -The executive summary is the first and one of the most critical parts of a business plan. This summary provides an overview of the business plan as a whole and highlights what the business plan will cover.
Detailed explanation-2: -“The executive summary of a business plan is designed to capture the reader’s attention and briefly explain your business, the problem you are solving, the target audience, and key financial information, ‘’ Ross Kimbarovsky, CEO and founder of Crowdspring, told Business News Daily.
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