ENTREPRENEURIAL PLANNING
BUSINESS PLAN DEVELOPMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which part of the business plan identifies plans for pricing policies?
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Self-analysis
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Trading area analysis
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Proposed marketing plan
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Product description
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Explanation:
Detailed explanation-1: -The pricing strategy can best be explained in the marketing section of your business plan. In this section you should describe what price you will charge for your product or service to customers and your argumentation for why you ask this.
Detailed explanation-2: -Executive summary The executive summary is the first and one of the most critical parts of a business plan. This summary provides an overview of the business plan as a whole and highlights what the business plan will cover.
Detailed explanation-3: -Marketing and sales Your goal in this section is to describe how you’ll attract and retain customers. You’ll also describe how a sale will actually happen.
There is 1 question to complete.