ENTREPRENEURSHIP

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INTRODUCTION TO ENTREPRENEURSHIP

DEFINITION OF ENTREPRENEURSHIP

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Pete wants to write a business plan for Pete’s PB&J Cupcake Cart. He needs to identify all the expenses associated with making his signature peanut butter and jelly cupcake for his Economics of One Unit. What is the most accurate way of determining his expenses?
A
Estimate the cost to buy all of the ingredients at the store, and divide that by an estimate of how many cupcakes he can make with that.
B
Go through the detailed process of making the cupcake step by step, measuring the ingredients he uses and calculating the cost per ingredient.
C
Go online and find a competitor’s expenses.
D
None of the above
Explanation: 

Detailed explanation-1: -Which of the following ensures a good idea for a business is an actual business opportunity? The idea solves a unique or want in the market that group of customers is WILLING to buy.

Detailed explanation-2: -Draft an executive summary. A good executive summary is one of the most crucial sections of your plan-it’s also the last section you should write.

Detailed explanation-3: -Company Description: outline of the business to help investors understand the size, scope, and type of business. Also describes the opportunity and explains why the venture will succeed.

Detailed explanation-4: -Business Plan. A written description of a new business venture that describes all aspects of the business. Executive Summary. A brief recounting of the key points contained in a business plan.

There is 1 question to complete.
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