GK
BUSINESS MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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This section of the plan provides in-depth discussion of the major trends in the industry in which the firm intends to compete.
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This section of the plan summarizes the firm’s key executives
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If this section of the plan fails to attract an investor’s interest, he or she is unlikely to read the remainder of the plan.
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This section of the plan deals with the day-to-day operations of the company.
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Detailed explanation-1: -Why is the executive summary perhaps the most important section of the business plan? This section of the plan provides in-depth discussion of the major trends in the industry in which the firm intends to compete. This section of the plan summarizes the firm’s key executives.
Detailed explanation-2: -Executive summaries provide a brief summary of a larger document and are meant to persuade decision makers to read the larger work. The executive summary is typically the first document of the body of a report or proposal, and it should function independently of the larger document.
Detailed explanation-3: -Although the executive summary is the first thing the reader sees, it should be the last thing you write after you’ve covered all the other sections in detail. This can help ensure you’re including the most important elements in the executive summary.
Detailed explanation-4: -The executive summary of the business plan should be no more than two pages and should include the most important information from each section of the plan. Many successful entrepreneurs work in a related business before starting their own company.
Detailed explanation-5: -The executive summary is arguably the most important section of the business plan. It must be concise, specific, and well-written. Many of the people who review your business plan will decide, based solely on the executive summary, whether to continue reading.