The fourth part of a business plan.Select one:a.Operations (of the business)b.Mission and Strategy Statementc.Contingenciesd.Market Analysis
Question
The fourth part of a business plan.
Select one:
- a. Operations (of the business)
- b. Mission and Strategy Statement
- c. Contingencies
- d. Market Analysis
Solution
The structure of a business plan can vary, but a common approach includes the following sections:
-
Executive Summary: This is an overview of the business, its products or services, and its market. It's usually written last, but it appears first in the business plan.
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Company Description: This section provides detailed information about the business, such as its legal structure, location, and the product or service it offers.
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Market Analysis: This part of the business plan is where you demonstrate your industry and market knowledge. You'll need to show that you know your market, your customers, your competitors, and how you stack up.
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Organization and Management: This section should include your company's organizational structure, details about the ownership of your company, profiles of your management team, and the qualifications of your board of directors.
So, based on this common structure, the fourth part of a business plan would be the Organization and Management. However, it's important to note that the structure can vary depending on the specific needs of the business. In your options, the closest one to this would be "Operations (of the business)" as it can include details about how the business is run, who is in charge, etc.
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