Under Which Section of the Business Plan Is the Profile

question 30

Multiple Choice

Under which section of the business plan is the profile of the principal target customers described?

• A) Market Analysis
• B) Marketing Plan
• C) Development Plan
• D) Production/Operations Plan

Recognize the role and impact of social entrepreneurs in addressing social and environmental problems.

Comprehend the concept of franchising and its implications for entrepreneurs.

Distinguish between entrepreneurial and managerial thinking.

Grasp the significance of deliberate practice in mastering entrepreneurship skills.

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Definitions:

Customer Contact Issues

Problems encountered during interactions between a business and its customers, often requiring resolution to maintain customer satisfaction.

Major Costs

The significant expenses incurred in the operation of a business or the execution of a project.

Databases

Structured collections of data or information typically stored electronically in a computer system, utilizing software to manage, update, and retrieve the data efficiently.

Street Maps

Visual representations of geographical areas showing roads, buildings, and various landmarks, used for navigation.