The Executive Summary Section of a Business Plan

question 23

Multiple Choice

The executive summary section of a business plan:

• A)is written before other parts of the plan are written.
• B)provides detailed information about the company's management team.
• C)comes at the end of the business plan.
• D)is the most important part of the business plan.

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Definitions:

Cross-Functional

Involving or encouraging cooperation and interaction among different departments or areas of expertise within an organization.

Modular Organization

refers to a business structure that divides a company into smaller, flexible, and interchangeable units, allowing for specialization and easier adaptation to change.

Industries

Broad sectors of the economy made up of businesses that share similar activities, products, or services.

Virtual Organization

A company that mainly operates through electronic communication and does not have a physical location, relying on networks and technology to perform its operations.