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
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Target Markets
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Document describing a business; used to test feasibility, raise capital, & serve as a road map for future operations
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Assess consumer needs over time to aid new product development
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The point at which sales and costs are equal and a business is neither making nor losing money
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Explanation:
Detailed explanation-1: -The ultimate test of feasibility of a venture is its forecast profit and loss statement, and the management team’s confidence that the forecast is attainable. Companies create a business model that shows the factors that will lead to the company being extremely profitable.
Detailed explanation-2: -The feasibility plan centers on what your product or service is; the full business plan builds on that analysis and expands on how you will execute it. A feasibility plan also defines the product/service and outlines the operations of the project clearly for stakeholders.
There is 1 question to complete.