ENTREPRENEURSHIP

ENTREPRENEURIAL PLANNING

BUSINESS PLAN DEVELOPMENT

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
The purpose of a business plan includes which of the following?
A
it explains your idea for a product or service
B
it sets specific objectives and describes how they will be achieved
C
it describes the backgrounds and experiences people who will run the business
D
all answers are correct
Explanation: 

Detailed explanation-1: -What is the purpose of a Business Plan? ✓ The purpose of a Business Plan is to identify, describe and analyze a business opportunity and/or a business already under way, examining its technical, economic and financial feasibility.

Detailed explanation-2: -The primary purpose of a business plan is to secure funding. With funding, a business can operate and grow. Investors and lenders want to see a well-written business plan that clearly outlines the market opportunity, the competitive landscape, the team’s qualifications, and the financial projections.

Detailed explanation-3: -Main Components of a Business Plan It may include a table of contents, company background, market opportunity, management overviews, competitive advantages, and financial highlights.

There is 1 question to complete.