The Executive Summary Section of the Business Plan

question 69

Multiple Choice

The executive summary section of the business plan:

• A) is the last section of the plan, but should be the first part written.
• B) should be no more than 8 or 10 pages long.
• C) should summarize the essence of the plan in a capsulated form and should capture the reader's attention.
• D) All of the above

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Definitions:

Factor Prices

Prices paid for the use of factors of production, such as labor, land, and capital, important in understanding cost structures and economic value added.

Production Function

An economic model that describes the relationship between inputs used in production and the resulting output.

Average Cost

The total cost of production divided by the number of goods produced, also known as cost per unit.

Copper

A reddish-brown, malleable, ductile metallic element with high electrical and thermal conductivity, used in many alloys and as electrical conductors.