EXAM SOLUTION MANUAL FOR SMALL BUSINESS MANAGEMENT LAUNCHING AND GROWING ENTREPRENEURIAL VENTURES. 16TH EDITION.
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Course
Business Commerce
Institution
Business Commerce
business plan - Answers a document that outlines the basic concept underlying a business and describes how
short plan - Answers an abbreviated business plan that presents only the most important issues and projections for the business
comprehensive plan - Answers a complete business plan that pro...
EXAM SOLUTION MANUAL FOR SMALL BUSINESS MANAGEMENT LAUNCHING AND GROWING
ENTREPRENEURIAL VENTURES. 16TH EDITION.
business plan - Answers a document that outlines the basic concept underlying a business and describes
how
short plan - Answers an abbreviated business plan that presents only the most important issues and
projections for the business
comprehensive plan - Answers a complete business plan that provides an in-depth analysis of the critical
factors that will determine a firm's success or failure, along with all the underlying assumptions
opportunity - Answers reflect the potential and attractiveness of the market and industry
critical resources - Answers money, human assets, hard assets
entrepreneurial team - Answers must possess integrity, and breath and depth of experience
financial structure - Answers how the firm is financed and how the ownership percentage is shared by
the founders and investors
context - Answers external factors that change but cannot be controlled by the entrepreneur
executive summary/overview - Answers a section of the business plan that conveys a clear and concise
overall picture of the proposed venture and creates interest in the venture
synopsis - Answers briefly covers all aspects of the business plan, giving each topic relatively equal
treatment, easy to prepare but dry reading
narrative - Answers tells a story, conveys greater excitement, appropriate for businesses with an
innovative concept/product or a rich history
product/service plan - Answers a section of the business plan that describes the product and/or series to
be prefaced and explains its merits
marketing plan - Answers a section of the business plan that describes the user benefits of the product
or series and the type of market that exists
operations and development plan - Answers a section of the business plan that offers information on
how a product will be produced or a service provided, including descriptions of the new firm's facilities,
labor, raw materials, and processing requirements
management team - Answers a section of the business plan that describes a new firm's organizational
structure and the backgrounds of its key players
critical risks - Answers a section of the business plan that identifies the potential risks that may be
encountered by an investor
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