Question

One reason to write a business plan is to: Select one or more: a. eliminate other...

One reason to write a business plan is to:

Select one or more:

a. eliminate other competitors in the same target market.

b. outline the competitor markets.

c. expand your career opportunities.

d. test the feasibility of your business idea.

0 0
Add a comment Improve this question Transcribed image text
Answer #1

Hi! Welcome to Chegg!

Ans: d.

Explanation:

  • A clear business plan can help in analyzing if business idea would be feasible i.e. expected revenue > expected costs.
  • Identifying and eliminating competitors for market share is the next step after identifying business plan.

If you are satisfied with the answer, please provide a positive rating. Feel free to comment in case of queries.

Have a nice day ahead!

Add a comment
Know the answer?
Add Answer to:
One reason to write a business plan is to: Select one or more: a. eliminate other...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • For the first six (6) months your Grapefruit Juice Company is in business----to give you time...

    For the first six (6) months your Grapefruit Juice Company is in business----to give you time to perfect your product and to learn from actual customer---you will start marketing and selling in your own community, a radius of twenty-five (25) miles from where you live Write the two or three (2-3) page Marketing Plan & Sales Strategy section of your business plan, in which you: .1) Define your Company’s target Market: A) Analyze the types of consumers who will be...

  • Select a business idea which you would like to implement and complete this assignment. Note: You...

    Select a business idea which you would like to implement and complete this assignment. Note: You may use the same idea that you have used in discussion topics during Week 2 through Week 4. Write a seven to eight (6-8) page paper in which you: Propose the value proposition of the product or service the business will offer and explain the rationale. Outline the competitive market and the industry in which the business will operate. Determine at least two (2)...

  • Women on the Go is a startup company targeted at women who need assistance with the...

    Women on the Go is a startup company targeted at women who need assistance with the selection and purchasing of their clothing/accessories. This service is aimed at the more affluent customer who simply does not have the time and/or knowledge to dress to the business or social setting that they are expected to fulfill. Initial research will provide insight into the types of services that this particular target market would be interested in. Provide a segmentation and target market analysis....

  • As a Business Marketing major student in the last semester select one or more of the...

    As a Business Marketing major student in the last semester select one or more of the aforementioned approaches to combat Coronavirus that you support while pursuing your education and career path and explain why.

  • Personal Business Plan

    Personal Business PlanThe point of this question is writing a personal business planPlease you can choose any type of business you want.(Example: opening a Grocery)"write" Personal Business Plan and highlight how entrepreneurship and innovation could play a role in their personal and career pathsCover all following kind of information1. Name of the company or Business• Select the right name which demonstrate your business activities• The Name which is available• The name is easy to save in memory• Not be in...

  • What are metrics and why are they useful for a business plan? Select one: a. Indicators...

    What are metrics and why are they useful for a business plan? Select one: a. Indicators to measure progress toward organizational goals. b. Ways to adjust marketing plans at the end of the period. c. The various elements of a supply chain and value chain. d. A way of laying out a business plan to make it accessible to investors.

  • Business-to-Business ("B2B") purchasing has different procurement characteristics versus other buying behaviors and structures. Please select one...

    Business-to-Business ("B2B") purchasing has different procurement characteristics versus other buying behaviors and structures. Please select one aspect that you may have had personal involvement with and describe what went well, as well as could the activity been better. If you do not have a personal experience to share, please comment on the relevance of B2B purchasing to your present or future career.

  • The basis of personal use property converted to business use is: Select one or more: A....

    The basis of personal use property converted to business use is: Select one or more: A. Always the lower of its adjusted basis or fair market value on the date of conversion. B. Always its adjusted basis on the date of conversion. C. Always its fair market value on the date of conversion. D. Always the higher of its adjusted basis or fair market value on the date of conversion. E. None of the above.

  • What is "Organic" funding? vered =of Jestion Select one: O a. Money for product development/marketing that...

    What is "Organic" funding? vered =of Jestion Select one: O a. Money for product development/marketing that comes from company's own revenues. b. Start-up funding that comes from friends, family, and fools. C. The first outside money a startup attracts. d. Funding a business from the founder's own savings. According to Michael Porter, what factors are external to the company? Select one: a. strengths and weaknesses O b. strengths and opportunities C. opportunities and threats d. threats and weaknesses All of...

  • The two most common types of formal, longer, business documents are reports and proposals. There are...

    The two most common types of formal, longer, business documents are reports and proposals. There are some similarities between the two but some important differences as well. Formal reports are internal documents. They are written to be read by other members of the organization. Proposals, on the other hand, are external documents. They are meant to be read by people outside of the organization. Based on your interests and experience, you will choose to write either a formal persuasive report...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT