Question

Your name is Joanne Warren, and you are writing a business plan for a coffee house that you plan to open in the downtown district of your city. Your business will be called A Cup of Joanne, and you plan to distinguish yourself from your competitors by offering blends from all around the world. You will also sponsor international coffee tastings and sell one-pound bags of freshly ground fair-trade coffee. The bank from which you are seeking to borrow $20,000 has asked you for a full business plan. ________ is/are not required in your business plan. Group of answer choices A business description and organization Sales strategies Interior decoration plans and merchandising Funding requirements and financial projections A market analysis

Answer 1

Answer: Interior decoration plans and merchandising

Step-by-step explanation:

To approve a loan for a business there are several things that a bank needs to look at.

The relevant ones include:

• The business description and organization so that they can understand what the business is all about.
• The sales strategies of the company so that they can understand how the company plans to gain an edge in the market and become profitable.
• The funding requirements and financial projections so that the bank understands how much is needed and whether the business will generate enough to pay back the loan.
• A market analysis so that the bank understands whether the coffee house will be able to survive to be able to pay off the loan.

The way you design your coffee house (interior design) is of no concern to the bank and neither is the merchandise that you decide to buy. They just need to know that you can pay them back.