ENTREPRENEURSHIP

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ENTREPRENEURIAL PLANNING

BUSINESS PLAN DEVELOPMENT

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
The document that does the best job of introducing potential investors and other stakeholders with the business opportunity the firm is pursuing and how it plans to pursue it is the ____
A
business plan
B
feasibility analysis
C
opportunity analysis
D
industry analysis
E
marketing plan
Explanation: 

Detailed explanation-1: -A business plan is a document that brief about how a business operates, short and long-term goals, objectives, and how these objectives can be achieved.

Detailed explanation-2: -Why is it important for a business plan to follow a conventional structure rather than be highly innovative and creative? It looks more professional and investors are usually busy people who want to find what they are looking for fast.

Detailed explanation-3: -Feasibility analysis should always be conducted before starting the business or taking advantage of a recognized opportunity. This helps an entrepreneur to determine if an opportunity is feasible or advisable. Thus, allowing to make a decision on whether to take up the venture or opportunity or leave it.

There is 1 question to complete.
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