ENTREPRENEURIAL PLANNING
BUSINESS PLAN DEVELOPMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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It isn’t necessary to include the location of your business in your 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: -Explanation: A business plan is a carefully drafted statement about a business, its objectives, and how it intends to successfully produce and sell the product / service to its target market and, ultimately, achieve its objectives. It does not include, target ‘research’.
Detailed explanation-2: -Government agencies in the position to approve or deny important permits or zoning might require a business plan for their review. But as long as the business doesn’t involve anyone else’s money or approval, you can avoid a formal plan.
There is 1 question to complete.