What is a business plan? What are its components? What is it used for?
What will be an ideal response?
A business plan is a formal document that details what the entrepreneur intends to do. It includes information about the product, the market for the product, basic financial data, and how the business will be operated. It is often used in the process of soliciting financial investments from others.
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The solving of promotional and product problems guarantees global marketing success
Indicate whether the statement is true or false a. True b. False
The direct method of preparing the operating activities section of the statement of cash flows is preferred by the Financial Accounting Standards Board.
Answer the following statement true (T) or false (F)
Why were data warehouses created?
A. Many companies had information scattered across multiple systems with different formats. B. Completing reporting requests from numerous operational systems took days or weeks. C. Numbers and types of operational databases increased as businesses grew. D. All of these.
Ruby, a recent fashion design school graduate, has received praise for her clothing designs from her peers and friends on social networking sites; this has inspired her to set up a store where she can design and sell apparel. After experiencing some success with sales, she recruits two employees to handle customers at the store. However, she handles other day-to-day affairs herself, while continuing to design clothes. Which of the following is likely to be a pitfall of this organizational structure established by Ruby?
A. People are highly unlikely to buy clothes from a store run by a fashion design student. B. Hiring more employees will result in loss of intellectual property. C. The online admiration of her designs will not translate into sales. D. Once the firm starts growing and attracting more customers she is likely to feel overloaded.