ENTREPRENEURIAL PLANNING
BUSINESS PLAN DEVELOPMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The statement of purpose briefly describes your business and its potential for 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: -Good business plans should include an executive summary and sections on products and services, marketing strategy and analysis, financial planning, and a budget.
Detailed explanation-2: -Not all new businesses need a business plan. Lenders require a business plan before they will consider financing a business. Once your business is up and running, you will rarely use your business plan.
There is 1 question to complete.