GENERAL KNOWLEDGE

GK

BUSINESS MANAGEMENT

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which section of the business plan describes the business?
A
3
B
1
C
2
D
4
Explanation: 

Detailed explanation-1: -The summary or statement should be no more than half a page in length and should touch on the following key elements: Business concept describes the business, its product, the market it serves and the business’ competitive advantage.

Detailed explanation-2: -What goes into your business plan’s executive summary section? In the first paragraph, the executive summary should include a description of your business and the customer problem being uniquely solved so the reader understands what you are trying to achieve.

Detailed explanation-3: -Executive Summary Your executive summary should appear first in your business plan. It should summarize what you expect your business to accomplish. Since it’s meant to highlight what you intend to discuss in the rest of the plan, the Small Business Administration suggests that you write this section last.

Detailed explanation-4: -The correct option is (d) Mission statement.

There is 1 question to complete.