ENTREPRENEURSHIP

INTRODUCTION TO ENTREPRENEURSHIP

CHARACTERISTICS OF AN ENTREPRENEUR

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which component of a business plan gives details of future expansion of the business?
A
Organizational Plan
B
Marketing Plan
C
Financial Plan
D
Growth Plan
Explanation: 

Detailed explanation-1: -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-2: -A growth plan is a granular, systematic record of ambitions for your business’ future. It sets out your business goals and targets, and clear strategies and tactics for reaching them. A growth plan considers: the current state of your business-including strengths, weaknesses and opportunities.

Detailed explanation-3: -Look back at the marketing section of your business plan. If you’ve already addressed facets of your business growth strategy in that section, you can use it to detail your expansion, and then refer to your marketing section as an implementation tool.

Detailed explanation-4: -Company Description A company description includes key information about your business, goals and the target customers that you want to serve.

Detailed explanation-5: -Executive Summary. Company Description. Product and Service Description. Marketing Analysis. Marketing Strategy. Organization and Management. Daily Operations. Financial History. More items

There is 1 question to complete.