Question

The section of the business plan in which the entrepreneur identifies changes occurring on the national and international level is the?

Answer 1

The section of the business plan in which the entrepreneur identifies changes occurring on the national and international level is the Environmental and industry analysis.

What is a business plan?

A business plan is a formal written document that outlines the objectives of the company, how those objectives will be attained, and when they will be accomplished. The nature of the company, background information on the organization, financial estimates for the organization, and the techniques the organization plans to use to meet the stated goals are also covered. This document functions as a road map (a plan) that gives the company direction when taken as a whole.

Written business plans are frequently necessary in order to apply for a bank loan or another type of financing. Using templates and guidance, like those offered by the Small Business Administration in the United States, can make it easier to create a business plan.

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