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Mastering Business Planning

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Questions and Answers

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?

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?

Excessive competition

Over-capitalization

Lack of an adequate market (correct)

Inefficient daily operations

Mastering Business Planning

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Questions and Answers

Which of the following is NOT included in a business plan?

What is the purpose of a business plan?

What are some common causes of business failure that a business plan can help avoid?

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