GK
BUSINESS MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Helps to plan for crises and emergencies.
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Helps to learn more about the industry, market, competitors and customers.
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Helps to reduce financial support.
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Helps to increase risk
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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: -Creating a business plan offers a broad range of benefits to a business owner and his or her enterprise. Your plan can paint a comprehensive picture of your business, improve employee performance, underscore opportunities for growth and facilitate sound decision making.
Detailed explanation-3: -It helps to define your target market(s), target customers and how you will promote and place your product / service to these markets / customers.
Detailed explanation-4: -You can get outside funding. To get funding from lenders or investors, you need to show a business plan. You gain an understanding of your market. You focus your strategies. You can check the financial numbers. 09-Nov-2022