Question

A firm's business _______ should include a description of the need the firm will fill, the operations of the business, its components and functions, and the expected revenues and expenses.

Answer 1

The Business Plan of an organization should show the following key components: Value Proposition, Operations, Components and Functions, projected revenue, and expenditure.

What is a Business Plan?

This refers to a document that spells out the future goals, plans and activities of a business as well as how it plans to achieve goals those objectives.

A business plan is useful for:

• Startups or existing businesses that want to attract investors
• An existing business that is planning to expand, scale up or introduce new products
• An existing business that is looking at a merger and acquisition.

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