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Foundations of Business - Standalo...

4th Edition
William M. Pride + 2 others
ISBN: 9781285193946

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BuyFindarrow_forward

Foundations of Business - Standalo...

4th Edition
William M. Pride + 2 others
ISBN: 9781285193946
Textbook Problem

What are the major components of a business plan? Why should an individual develop a business plan?

Summary Introduction

To determine: The major components of business plan and the need of developing a business plan.

Introduction: A business plan is a certificate that portrays a new business, its goods or services, the ways it will procure cash, authority and staffing, financing, and different points of interest that are basic to both task and achievement.

Explanation

The major components of business plan are as follows:

  • Introduction
  • Executive summary
  • Advantage to the society
  • Company and industry
  • Administration team
  • Production and operations strategy
  • Labor power
  • Marketing strategy
  • Fiscal strategy
  • Exit strategy
  • Critical ...

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