FREE Business Plan Question And Answers
What element(s) of a business strategy are there?
Please select 2 correct answers
What constitutes a business plan's component?
Which of these business assertions best explains the rationale behind the organization's existence?
Explanation:
A mission statement business plan would be referred to as the operational phrase for a vision in the business world. A mission statement business plan can be used to plan the course of action to be taken after a vision is realized and digested. In a nutshell, the mission statement business plan would outline the organization's goals and the motivation behind those goals.
To decide whether to invest in a business, a stockholder may merely read the executive summary of the business plan. either true or false.
Which of these business elements is most useful in understanding how the company intends to grow in the future?
Explanation:
A growth strategy is a thorough plan that outlines the steps a company plans to take to enhance operations, revenue, and market reach. With a growth strategy, a company analyzes its industry, market, and financial circumstances to set specific goals that will help the company grow over time. Diverse teams and departments may need to collaborate as part of a growth strategy in order to advance the objectives of the business.
In a business plan, the expected revenue and costs are shown as _______.
Explanation:
The financial plan in your business plan is a summary of your financial forecasts. The financial predictions in a business plan include financial statements including a balance sheet, cash flow statement, and profit and loss statement.