Entrepreneurship 5.2 (Multiple Choice)

Some businesses may need to provide section about

legal issues, safety issues, and liability issues.

Your business plan should describe the location of your business because

location is often a critical factor in a business's success.

Which of the following is NOT an element of the financial section of your plan?

Distribution of profits and losses.

The history and background section of a business plan

describes how you came up with the idea for your business.

Expansion plans for your business should be included in which of the following...

goals and objectives.

All business plans

have seven basic elements, have the same purposes, and are not alike.

The marketing section of your plan explains

how you plan to enter the marker, who your prospective customers are, and your advantages over the competition.

In the financial section, a new business must include

projected financial statements.

You should identify risks and explain how you plan to deal with them in

the financial section.

You will need to perform research to find the necessary information for

the products or services section.