The Business and Industry Profile Section of the Business Plan

question 53

Multiple Choice

The business and industry profile section of the business plan includes:

• A)significant financial and operational events in the life of the company.
• B)how the entrepreneur intends to accomplish the company's goals and objectives.
• C)the nature and characteristics of the target market.
• D)the historical evolution of the market,market size,ease of entry,etc.

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Definitions:

Missing Factor

Refers to an unknown quantity in multiplication that, when multiplied with a known quantity, yields a given product.

Fill In

A phrase often used in education and testing to describe a task where the respondent must complete or provide missing information.

Combine

The act of merging or bringing things together to form a whole, often used in mathematics to refer to combining like terms or equations.

Simplify

To alter an expression into its most reduced or simplest form, making it easier to understand or solve.