One part of a full business plan is the analysis of opportunity. Which of the following describes what you would find in this section of the plan?A.Key points about the proposed entrepreneurial venture, including a mission statement, goals and historyB.The financial plans including the projected income statements, cash flow analysis, balance sheets and cost controls for the last three yearsC.The broad external changes and trends taking place in the economic and global environmentsD.The demographics of the target market, evaluation of industry trends, and identification of competitorsSubmit
Question
One part of a full business plan is the analysis of opportunity. Which of the following describes what you would find in this section of the plan?A.Key points about the proposed entrepreneurial venture, including a mission statement, goals and historyB.The financial plans including the projected income statements, cash flow analysis, balance sheets and cost controls for the last three yearsC.The broad external changes and trends taking place in the economic and global environmentsD.The demographics of the target market, evaluation of industry trends, and identification of competitorsSubmit
Solution
The correct answer is D. The demographics of the target market, evaluation of industry trends, and identification of competitors. This section of the business plan is where you would analyze the opportunity for your business. This includes understanding who your target market is, what the current trends in your industry are, and who your competitors might be.
Similar Questions
The executive summary would most likely be found at the top of a full business plan. If someone was interested in learning about the entrepreneur’s vision, what may be found in the executive summary?A.Key points about the proposed entrepreneurial venture, including a mission statement, goals and historyB.The financial plans including the projected income statements, cash flow analysis, balance sheets and cost controls for the last three yearsC.The demographics of the target market, evaluation of industry trends, and identification of competitorsD.The broad external changes and trends taking place in the economic and global environments
What is a business plan?A. A document stating the objectives for a business and how they will be achievedB. A tool for comparing actual results against targeted performanceC. A systematic evaluation of a venture's chances for success in the marketD. All of the above
The fourth part of a business plan.Select one:a.Operations (of the business)b.Mission and Strategy Statementc.Contingenciesd.Market Analysis
The section of the business plan that is designed to initially captivate and energize a potential financial investor would be theMultiple Choiceexecutive summary.financial plan.dynamic introduction.profit plan.marketing plan.
The first part of a business plan.Select one:a.Market Analysisb.Table of Contentsc.Contingenciesd.Mission and Strategy Statement
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