ENTREPRENEURSHIP

INTRODUCTION TO ENTREPRENEURSHIP

DEFINITION OF ENTREPRENEURSHIP

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
A business plan explains how your product or service ____
A
will be produced
B
will be sold
C
is either new or better than existing products or services
D
all of the above
Explanation: 

Detailed explanation-1: -Emphasize your product’s unique features and benefits. Your product must stand out from all the others on the market, and your description should include special features or services that make your product one-of-a-kind. Keep your description consumer-focused.

Detailed explanation-2: -A business plan is a document that defines in detail a company’s objectives and how it plans to achieve its goals. A business plan lays out a written road map for the firm from marketing, financial, and operational standpoints.

Detailed explanation-3: -The marketing strategy portion of your business plan presents the approach you plan to take to provide products or services to your customers. It explains, at a high level, what you are going to do to get your customers to buy in the desired quantities.

Detailed explanation-4: -Operating plan This part of your business plan describes how you plan to operate your company. Include information regarding how and where your company plans to operate, such as shipping logistics or patents for intellectual property.

There is 1 question to complete.