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3 years ago

What is the primary purpose of a business plan?

Business

2 answers:

wlad13 [49]3 years ago

7 0

Answer:

A business plan is a planning document for a start-up enterprise. The plan shall describe, among other things, the business idea, the market, the organization, the product or services, the implementation plan, the finances, budgets, capital needs, financing and the most important risk factors. The plan will normally cover the next five years.

The plan is primarily a tool for the entrepreneur himself. The process of writing the plan is often more important than the finished product. For example, a realistic budget could reveal whether the business idea needs to be changed or rejected.

A business plan is not least an important document for investors, financial institutions and possibly others invited into the project.

valina [46]3 years ago

3 0

It is used to help run your company with a more cohesive vision. You will have a greater chance to improve for success.

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Owen plans to open Owen's Pets Store, a pet supplies outlet, and to hire Quinn and Ruth. Owen will invest only his own money. He

rusak2 [61]

Owen plans to open Owen's Pets Store, a pet supplies outlet, and to hire Quinn and Ruth. Owen will invest only his own money. He does not expect to make any profit for at least two years and to make almost no profit for the first three years, but he hopes to expand eventually. Which form of business organization would be most appropriate Owen employs few workers and is not expected to earn profit for the first few years. Although, he still hopes to expand his outlet. In this case, a sole proprietorship is the best option because it is easier and cheaper to start a company. The business owner is free to make all decisions without any consultations. The sole proprietorship earns moderate profits and does not require huge funds in the near future. Owen employs only Quinn and Ruth to run the pet store, which means that it is a comparatively small outlet and does not require huge funds for its financing. Owen will enjoy one more advantage of paying a single tax. This means that the owner (Owen) is required to pay tax either on profits or personal income. This is because, in this organization, the owner and the business are the same entity. The earnings from the business are the personal income of the owner.

<h3>What is business organization?</h3>

The word "business organization" refers to the organizational structure of businesses and how such structure aids in achieving their objectives. Businesses are often built to concentrate on either making a profit or helping society. A company is considered a for-profit entity when it prioritizes making money. An organization is referred to as a nonprofit (or not-for-profit) organization and is not often called a business when it aims to further the social good through the arts, education, health care, or some other sector.

To learn more about business organization from the given link:

brainly.com/question/24734641

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2 years ago

A healthy fast-casual restaurant that offers only vegetarian and vegan meals insists on portraying organic ingredients in its ad

Gelneren [198K]

The strategy that they use is <span>signaling value by targeting sophisticated buyers

This type of strategy could only work if the target market has specific preferences.
Even though the number of potential consumers for this market tend to be considerably small compared to another market, but the customers that obtained through this strategy tend to show higher level of loyalty.</span>

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2 years ago

You are working on the toll plaza construction phase of the Grand Harbor Tunnel project. You notice that the concrete being pour

Radda [10]

Answer:

Discuss the concerns you have with the supervisor in charge.

Explanation:

It is wrong under the ethics code to ignore a clear sign that an intervention is required be it in business decision making or in this case, construction. It is your obligation to report any abnormality noticed to the supervisor in charge.

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3 years ago

How do you know you need to become a better test taker? A. You always get nervous before a test., B. You usually do better on ce

Tamiku [17]

Answer:

PREPARING FOR THE TEST. The key to confidence in anything is preparation, and tests are no different. ...

KNOW HOW YOU LEARN. ...

MAKE A PLAN. ...

FIND A BUDDY. ...

REVIEW MATERIAL. ...

REST & EAT. ...

HANDLING ANXIETY. ...

TAKING THE TEST.

Explanation:

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2 years ago

When the Federal Reserve decreases bank's reserves through an open-market operation: ____________

Sedbober [7]

Answer:

d. the monetary base decreases, loans decrease, and the money supply decreases.

Explanation:

In the case when the federal reserve reduce the reserve of the bank via open market operation so it would be resulted in decrease in the monetary base, reduction in the loan and the reduction in the money supply. Overall, all three things would be decrease

Therefore as per the given situation, the option d is correct

And the same would be relevant

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2 years ago