Asked by Hazeline Sutana on Jul 16, 2024
Verified
A business plan carefully articulates the market,business model,investment requirements,and returns from an opportunity but does not include the risks involved.
Investment Requirements
The necessary financial or other resources needed to undertake an investment or to enter a specific market.
Business Plan
A detailed document outlining the strategy, objectives, financial projections, and operational guidelines for a new or existing business.
Risks Involved
The potential negative consequences or uncertainties associated with actions, decisions, or activities that may lead to loss or undesirable outcomes.
- Identify the principal components and importance of a sound business plan.
- Recognize the difference between fruitful and futile processes in business planning.
Verified Answer
GY
Gillian YoungJul 17, 2024
Final Answer :
False
Explanation :
A business plan typically includes a section on risk analysis and mitigation strategies. Identifying and addressing potential risks is an essential part of creating a comprehensive business plan.
Learning Objectives
- Identify the principal components and importance of a sound business plan.
- Recognize the difference between fruitful and futile processes in business planning.