INTRODUCTION TO ENTREPRENEURSHIP
ENTREPRENEURIAL PROCESS
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
What is a business plan?
|
|
A detailed proposal describing a business idea
|
|
|
A financial statement for an existing business
|
|
|
A report on market trends in a particular industry
|
|
|
An analysis of customer behavior and preferences
|
Explanation:
Detailed explanation-1: -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. Both startups and established companies use business plans.
Detailed explanation-2: -A business plan is a document that clearly spells out how a business intends to realize its objectives and goals, while a business proposal is a sales document that a business entity uses to request a contract from a client.
There is 1 question to complete.