1.

The conclusion part of the business plan will identify the1. Feasibility of the business.2. Market description3. Administrative aspects of the business4. Business suppliers

Answer» Correct Answer - Option 1 : Feasibility of the business.

The correct answer is ​the Feasibility of the business.

  • The conclusion part of the business plan will identify the Feasibility of the business.
    • Business plans explain what a company does, who runs the company and how the company plans on hitting revenue goals, based on competitive advantages and marketing strategies.
    • Business plans are also used to seek investor loans or to finance their business.

  • The key components of a business plan are:
  • Executive Summary
    • It should appear first in the business plan.
    • It should summarize what the business seeks to accomplish.
    • Since it’s meant to highlight the intentions of the rest of the plan, it is recommended by some to write it in the end.
    • It reveals the company’s mission statement, along with a short description of its products and services.
    • Investors are looking for reasons why they should risk money in the venture; this is achieved by highlighting the unique ways in which the company solves problems and how an influx of funding will yield success.
  • Company Description
    • It includes key information about the business, goals and the target customers.
    • It also explains why the company stands out from other competitors.
  • Market Analysis
    • It should help visualize the target customers, how much money they make, what their buying habits are, which services do they want and need, etc.
  • Competitive Analysis
    • It presents a clear comparison of the business vs direct and indirect competitors.
  • Description of Management and Organization
  • Breakdown of Your Products and Services
    • It includes a detailed breakdown of the products and services.
  • Marketing Plan
    • It includes promotional and marketing strategies.
  • Sales Strategy
  • Request for Funding
    • It focuses on the amount of money that you need to set up your business and how you plan to use the capital that you are raising.
  • Financial Projections
    • It breaks down the financial goals and expectations that you’ve set based on market research.


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