ENTREPRENEURSHIP

INTRODUCTION TO ENTREPRENEURSHIP

IMPORTANCE OF ENTREPRENEURSHIP IN ECONOMIC DEVELOPMENT

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
The three types of business plans are ____
A
functional business plan, full business plan, feasibility plan
B
summary business plan, contingency plan, full business plan
C
functional business plan, contingency plan, full business plan
D
opportunity plan, feasibility plan, full business plan
E
summary business plan, full business plan, operational business plan
Explanation: 

Detailed explanation-1: -There are multiple types of Business Plans; strategic plans, operational plans, internal plans, and many others. You will need to make different sets of Business Plans depending on what you want to accomplish.

Detailed explanation-2: -An overview of your products/services, customers, and suppliers. A summary of company growth, including financial or market highlights. A summary of your short-and long-term business goals, and how you plan to make a profit.

Detailed explanation-3: -Your 3-year business plan outline should include a clear strategy for your marketing efforts. Describe any advertising or promotions you plan to do, whether it’s through online, print, TV, or radio media. Also include the costs involved and the reach you expect to gain with your target audience.

There is 1 question to complete.