ENTREPRENEURIAL PLANNING
BUSINESS PLAN DEVELOPMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Business plan is best described as a(n) ____
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narrative description of a new business
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contract
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budget
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marketing initiave
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Explanation:
Detailed explanation-1: -Explanation: A business plan could be described as a narrative description of a new business because it outlines the new business’s objectives, and how it will achieve them.
Detailed explanation-2: -A business description is included in a small business plan. It outlines objectives and how to achieve them. The Small Business Administration states an effective business plan will generally include: Executive summary.
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