ENTREPRENEURIAL PLANNING
BUSINESS PLAN DEVELOPMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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It is not necessary to define your target market when writing a business plan
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True
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False
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Either A or B
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None of the above
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Explanation:
Detailed explanation-1: -A target market is a specific group of people with shared characteristics that a business markets its products or services to. Companies use target markets to thoroughly understand their potential customers and craft marketing strategies that help them meet their business and marketing objectives.
Detailed explanation-2: -Not making one. As an entrepreneur, surely you’re more excited about doing the thing you want to do that writing a plan about it. Being unrealistic. Poor executive summary. Too long. Not backing up what you say. Not focusing on the team, and your role as the head. Sloppy mistakes. 20-Nov-2019
There is 1 question to complete.