ENTREPRENEURIAL PLANNING
BUSINESS PLAN DEVELOPMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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trade association
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trade mission
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banking institution
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chamber of commerce
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Detailed explanation-1: -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.
Detailed explanation-2: -An entrepreneur can use a feasibility analysis in order to decide if there is enough demand for a product or service. A feasibility analysis can help an entrepreneur determine whether business conditions are appropriate to go forward with starting a business.
Detailed explanation-3: -Business plans help you run your business A good business plan guides you through each stage of starting and managing your business. You’ll use your business plan as a roadmap for how to structure, run, and grow your new business. It’s a way to think through the key elements of your business.