The Company Description in a Business Plan Should

question 110

Multiple Choice

The company description in a business plan should

• 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) All of these choices.

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Definitions:

Interactional Approach

A method of understanding behavior by considering both individual personality traits and environmental influences.

Situational Factors

External conditions or contexts that influence individuals' behaviors, decisions, and performance in various settings.

Personal Qualities

Traits or characteristics that constitute an individual's distinctive nature or personality, often related to demeanor, attitude, and behavior.

Innate Skill

A natural ability or talent that an individual is born with, as opposed to skills developed through learning or training.