A Business Plan Should Include All of the Following Items

question 2

Multiple Choice

A business plan should include all of the following items except:

• A)Overview of business purpose and highlight of key elements of the plan.
• B)Description of the organization's decision-making and communications systems.
• C)Nature of the industry,including economic trends,important legal or regulatory issues,and potential risks.
• D)Product characteristics,distribution,promotion,pricing,and market research.
• E)Amount of funds needed to run the business,amount available,and amount requested from new sources.

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Definitions:

Balance Sheet

A financial statement that reports a company's assets, liabilities, and shareholders' equity at a specific point in time.

Accounts Payable

Short-term financial obligations or debts a company owes to its suppliers or creditors for goods and services received but not yet paid for.