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Questions and Answers
Which of the following is NOT included in a business plan?
Which of the following is NOT included in a business plan?
- A projected profit and loss statement
- The nature of the business (correct)
- The financial background
- The sales and marketing strategy
What is the purpose of a business plan?
What is the purpose of a business plan?
- To secure funding for the business (correct)
- To outline the daily operations of the business
- To guarantee success in business
- To provide a detailed analysis of the competition
What are some common causes of business failure that a business plan can help avoid?
What are some common causes of business failure that a business plan can help avoid?
- Excessive competition
- Over-capitalization
- Lack of an adequate market (correct)
- Inefficient daily operations
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