Which information should a business plan include?
Answer and explanation
Correct answer: Goals, customers, resources, and costs
A business plan describes how the proposed business will operate and pursue its objectives. Depending on its purpose, it may include goals, target customers, products, market information, resources, operations, costs, revenue expectations, and risks. Therefore option A gives relevant core information. A game name, weather alone, or a friends list cannot guide business decisions.
Frequently asked questions
What is the correct answer to this question?
Goals, customers, resources, and costs
Why is this the correct answer?
A business plan describes how the proposed business will operate and pursue its objectives. Depending on its purpose, it may include goals, target customers, products, market information, resources, operations, costs, revenue expectations, and risks. Therefore option A gives relevant core information. A game name, weather alone, or a friends list cannot guide business decisions.
Which subject and chapter does this question cover?
This is a Class 11 Business Studies question. Chapter: MSME and Business Entrepreneurship. Topic: Entrepreneurship Development.
