ENTREPRENEURIAL PLANNING
BUSINESS PLAN DEVELOPMENT
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
A business plan is important because
|
|
it determines the form of ownership for your business
|
|
|
suppliers will not sell you goods without one
|
|
|
lenders will not finance a business without one
|
|
|
you cannot obtain a lease agreement without one
|
Explanation:
Detailed explanation-1: -A business plan should describe every aspect of your business, from the product or service you offer to your finances, management, and marketing plans. It’s designed to tell your stakeholders-potential lenders, investors, and suppliers, for example-the goals of your business and how you plan to achieve them.
Detailed explanation-2: -What is the purpose of a Business Plan? ✓ The purpose of a Business Plan is to identify, describe and analyze a business opportunity and/or a business already under way, examining its technical, economic and financial feasibility.
There is 1 question to complete.