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Explain What a Business Plan Is and When One Is

question 9

Essay

Explain what a business plan is and when one is necessary.Then list five components that should be included in a business plan,describing the type of information that would be included in each.


Definitions:

Economic Value Added

A measure of a company's financial performance that shows the net profit earned above the cost of capital.

Definition

A statement that explains the meaning of a term or a concept.

Pure Play Approach

A method of evaluating investment risk by focusing on a single industry or sector, assuming the business operates solely within that domain.

Definition

A statement expressing the essential nature of something.

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