What Should the Company Description in a Business Plan Do

question 46

Multiple Choice

What should the company description in a business plan do?

• A)Identify the form of your business and its business type.
• B)Discuss market characteristics, trends, projected growth, and barriers to entry.
• C)Explain how the product or service you are providing will benefit customers.
• D)Explain specifically how you will run your business.

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Definitions:

Hypothesis

A supposition or proposed explanation made on the basis of limited evidence as a starting point for further investigation.

Test For Equality

A statistical method used to determine if two or more groups have statistically significant differences in means.

Variances

Measures of how much a set of numbers is spread out from their average value, indicating distribution dispersion.

Population Parameters

Statistical measures that summarize characteristics for an entire population, such as mean, variance, or standard deviation.