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ENTREPRENEURSHIP TRUE OR FALSE

ENTREPRENEURSHIP TRUE OR FALSE-example-1
User Venkatesan
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We can write true or false for the following in this way:

  1. Income levels of a community affect the buying capability of its citizens. - True
  2. Contingency plans must be included in a business plan for anticipated concerns that may arise. - True
  3. Poorly researched business poses a lower risk. - False
  4. Once entrepreneurial skills and competencies are identified, one can start a business venture right away. - False
  5. Business profit includes the quantity needed for business operations as well as sources of such amount. - False
  6. Executive summary is found at the beginning of the plan but is done last. - False
  7. A business plan is also written for the sake of the investors from whom the entrepreneur may ask for financial assistance. - True
  8. Market segmentation is a process of analyzing the internal and external factors that affect a business enterprise. - False
  9. A financial plan must be written solely by someone who is knowledgeable about handling finances such as a certified financial planner. - True
  10. Weaknesses and threats are both internal factors that may affect the business. - False

What is a business plan?

A business plan is a document that states the goals, strategies, and financial projections of a business.

It directs entrepreneurs and guides them in making informed decisions and attracting potential investors.

User SunnySydeUp
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