Entrepreneurship Chapter 5

A business with licensing requirements should include

The appendix includes supporting evidence such as

The appendix includes supporting evidence that was not included in the body of the report

The executive summary is based on the most important and persuasive parts in the main body

Short-term goals for a business might include

The cover letter of a business plan should

The executive summary

Charts and tables should be included in the appendix rather than the main bodu

How you came up with your business idea is described in the history and background section

Prospective lenders will want to know what risks your business faces and how you plan to deal 

Researching all the parts of your business will not teach you a great deal about running a bus

Which of the following is not a purpose of a business plan?

A business plan is helpful not only in the initial stages of your company but also the future

In researching all the parts of your business, you can

The goals and objs. section discusses growth potential, economic trends, and forecasts

A business that must meet legal restrictions should include that information in the appendix

Lenders want to know the background and exp. of the management and staff of your business

Writing out a business plan helps you convince people to buy your product or service

The statement of purpose briefly describes your business and its potential for success

Lenders want to know exactly where your business will be because location is a critical factor

The products section of should describe any new products you plan to develop after five years

A business plan only need to set specific sales objs. for the short and medium terms

In your business plan, you will need to identify who your target customer is

The products or services section of your plan ishould

Without a business plan, you will not be able to 

The marketing section of a b plan should describe the research you plan to do to identify cust.

Every business plan should begin with a cover letter. 

Banks make financing decisions on whether they think a company will expand in 3 years

Identification of risks and your plan to deal with them should be in the 

A business plan may help to convince suppliers to extend credit to your company