ENTREPRENEURIAL PLANNING
BUSINESS PLAN DEVELOPMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which of the following pieces of information should be included in a business plan’s company description:
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Purpose of the business plan
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Expected life cycle of product(s)
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Barriers to market entry
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Business’s operating days and hours
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Explanation:
Detailed explanation-1: -At their core, business plans have 5 basic pieces of information. They include a description of your business, an analysis of your competitive environment, a marketing plan, a section on HR (people requirements) and key financial information.
Detailed explanation-2: -A company description is an overview of the company’s plan, vision, and relationships. These documents typically include the company’s name, business structure, mission statement, and an overview of the target market.
There is 1 question to complete.