GENERAL KNOWLEDGE

GK

BUSINESS MANAGEMENT

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which of the following does a business plan NOT do?
A
Establish month-to-moth steps to profitably operate the business
B
Identify necessary legal procedures for business start-up
C
Name chief officers of the business
D
Convince investors and lenders the business will be profitable
Explanation: 

Detailed explanation-1: -Include your mission statement, your product or service, and basic information about your company’s leadership team, employees, and location. You should also include financial information and high-level growth plans if you plan to ask for financing.

Detailed explanation-2: -Rather, she explained, at the most basic level it really only needs three key elements: a financial plan, a basic understanding of the competitive landscape, and a clear definition of the company’s values, vision and mission.

Detailed explanation-3: -Executive Summary. The executive summary is the most important part of the business plan. Company Summary. The company summary is the next critical component of any well-formulated business plan. Market Analysis. Management Team. Revenue Projections. 29-Mar-2018

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