Asked by Ramond Foster on May 08, 2024
Verified
The first part of the formal business plan is ______.
A) the market section
B) a description of how you intend to design,develop,and implement the plan
C) the business concept
D) the financial section
Formal Business Plan
A detailed document that outlines a company's objectives, strategies, market analysis, financial forecasts, and management structure required for starting and running the business.
Financial Section
A segment of a business plan or report that covers the financial explanations, projections, and the fiscal health of a company.
Business Concept
An idea for a business that includes basic information such as the service or product, the target demographic, and a unique selling proposition that gives a company an advantage over competitors.
- Acquire knowledge of the key elements that must be included in a business plan and how they aid in developing a lucid and successful business strategy.
Verified Answer
Learning Objectives
- Acquire knowledge of the key elements that must be included in a business plan and how they aid in developing a lucid and successful business strategy.
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