Business Plan Introduction

Question 1

Feasibility study

Answer 1

Serves as the forerunner of the business plan

Question 2

Two major tests

Answer 2

Test of possibility and test of feasibility

Question 3

Business plan

Answer 3

A detailed and integrated written document that describes the various activities involved in opening and operating a new entrepreneurial venture

Question 4

Major parts of the business plan

Answer 4

Introduction
Executive summary
Environmental analysis
business description
Organizational plan
Production plan
operation plan
marketing plan
financial plan
Appendix

Question 5

Introduction

Answer 5

Proposed name of the business address of the business
name of the owner
description of the business
location of the business
funding source

Question 6

Statement of confidentiality

Answer 6

Business plan for prospective owners or investors

Question 7

Proposed name of the business

Answer 7

Reflect business identity
promote philosophical values professed brand identity
Attract target customers

Question 8

Incorporators

Answer 8

Persons who originally formed the corporation

Question 9

Location of the business

Answer 9

Proximity to the target consumers distance from the source of raw materials
availability and cost of transportation
peace and order situation
Presence of direct competitors and geographic and climate conditions