ENTREPRENEURIAL PLANNING
BUSINESS PLAN DEVELOPMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Lenders want to know exactly where your business will be because the location of a business is often a critical factor in its success.
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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 business plan is helpful not only in the initial stages of your company but also in future decision making. A business plan may help to convince suppliers to extend credit to your company. Writing out a business plan helps you convince people to buy your product or service.
Detailed explanation-2: -Business location is defined as a place or structure occupied by a firm to run its operations. This includes any structure or establishment used in conducting a business. Starbucks places its coffee houses in high-street, high-visibility locations in various settings, including downtown and suburban areas.
There is 1 question to complete.