In a Business Plan, the Discussion of the Management Team

question 26

Multiple Choice

In a business plan, the discussion of the management team should detail:

• A)the proposed venture's organisational structure.
• B)profiles of employee needs during the first three years of operation.
• C)the projected growth of the proposed venture.
• D)the intended distribution of ownership in the business.

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Definitions:

Bushel

A unit of volume that is used in the United States for measures of agricultural produce, such as grains, fruits, and vegetables.

Exchange Rate

The price of one country's currency in terms of another currency, determining how much foreign currency can be bought with a unit of the domestic currency or vice versa.

Cognac

A type of brandy named after the town of Cognac in France, known for its strict production methods and aging process.

Handbags

Fashion accessories designed for carrying personal items, whose market dynamics can illustrate economic concepts of demand, supply, and price elasticity.