MANAGEMENT

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BUISENESS MANAGEMENT

BUSINESS PLANNING

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
An important element of the Business Plan is the  ____,  which outlines specific actions that the company will take in attempt to interest potential customers in,  and to persuade them to buy,  their products/services.
A
Marketing Plan
B
Operating Procedures
C
Industry analysis
D
SWOT Analysis
Explanation: 

Detailed explanation-1: -The first and most important part of the business plan is the executive summary. It lets potential investors know whether the project looks viable or not, and should be clear and compelling. This section also outlines the points in the plan and describes how the business will present its offerings to the public.

Detailed explanation-2: -Main Components of a Business Plan It may include a table of contents, company background, market opportunity, management overviews, competitive advantages, and financial highlights. It’s probably easiest to write the detailed sections first and then extract the cream to create the executive summary.

Detailed explanation-3: -An executive summary of a business plan is an overview. Its purpose is to summarize the key points of a document for its readers, saving them time and preparing them for the upcoming content. This is why the executive summary is often called the most important part of the business plan.

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