MANAGEMENT

Detailed explanation-1: -The market analysis section of your business plan comes after the products or services section and should provide a detailed overview of the industry you intend to sell your product or service in, including statistics to support your claims.

Detailed explanation-2: -It will be in the section of Sources of Finance.

Detailed explanation-3: -Market research blends consumer behavior and economic trends to confirm and improve your business idea. It’s crucial to understand your consumer base from the outset. Market research lets you reduce risks even while your business is still just a gleam in your eye.

Detailed explanation-4: -What Is Market Sizing? The “market size” is made up of the total number of potential buyers of a product or service within a given market, and the total revenue that these sales may generate.

Detailed explanation-5: -Executive summary 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.