Match the Following Elements of a Business Plan with Their

question 26

Multiple Choice

Match the following elements of a business plan with their descriptions.
-The business opportunity.

• A) Sets out practical aspects of the venture including key processes, information systems, assets (e.g. premises, technologies), and controls.
• B) Sets out what venture aims to provide, why there is a demand and who is involved in the process (e.g. customers, suppliers, partners).
• C) Outlines the key features of the venture and may highlight relevant points such as funding required, growth potential and returns for investors.
• D) Analyses potential market and competition, summarizes marketing mix and explains how products and services will be promoted.

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Definitions:

Educational Disparities

The differences in educational achievements, resources, and opportunities among individuals or groups, often influenced by socioeconomic, racial, or regional factors.

Infectious Diseases

Illnesses caused by pathogens such as bacteria, viruses, fungi, or parasites that are spread, directly or indirectly, from person to person.

Concept of Time

The understanding and awareness of time, including its passage, the divisions of past, present, and future, and the ability to manage time effectively.

Indigenous Peoples

Ethnic groups who are the original inhabitants of a given region, maintaining traditions or other aspects of an early culture that is associated with a particular region.