ENTREPRENEURIAL PLANNING
BUSINESS PLAN DEVELOPMENT
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
The most critical step of the Business plan development
|
|
Develop Financial Projections
|
|
|
Develop a Marketing Strategy
|
|
|
Define Business or Program
|
|
|
Define Processes and Operations
|
Explanation:
Detailed explanation-1: -This is the most crucial point to determine in the business that will redirect your financial projections considering the point at which the total revenue is equal to the total cost. The break-even point can be calculated using fixed costs, variable expenses and sales.
Detailed explanation-2: -To create an accurate financial projection, you can use an income statement that includes tax returns, assets, liabilities and forecasts for revenue and expenses. Market research can help determine revenue and expenses, and the rest of your project can come from personal financial information you already have.
There is 1 question to complete.