ENTREPRENEURIAL PLANNING
BUSINESS PLAN DEVELOPMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Identify markets that share certain identifiable need that is to be satisfied
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Sources & Uses of Funds
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Percentage of total industry sales illustrating that a sufficient market exists for the company’s product
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Market share
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Detailed explanation-1: -Overall, it provides more granular detail on the holistic operating activities of a company. Broadly, the income statement shows the direct, indirect, and capital expenses a company incurs.
Detailed explanation-2: -Capital on a balance sheet refers to any financial assets a company has. This is not limited to cash-rather, it includes cash equivalents as well, such as stocks and investments. Capital can also include a company’s facilities and equipment.
Detailed explanation-3: -The five key documents include your profit and loss statement, balance sheet, cash-flow statement, tax return, and aging reports.
Detailed explanation-4: -The three main sources of capital for a business are equity capital, debt capital, and retained earnings.