Asked by courtney laverty on May 17, 2024
Verified
As it relates to a formal business plan,the ________ defines how the company will generate revenue and produce a profit.
A) marketing strategy
B) business model
C) action forecast
D) financial projection
E) white paper forecast
Business Model
A plan or framework for how a company creates, delivers, and captures value, in economic, social, cultural, or other contexts.
Formal Business Plan
A detailed document that outlines the strategy, objectives, and financial forecasts for a business.
Financial Projection
Financial projection is an estimate of future revenues, expenses, and profitability of a business or project.
- Distinguish the constituents and relevance of a business plan.
Verified Answer
Learning Objectives
- Distinguish the constituents and relevance of a business plan.
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