Asked by
MALLORY STEFFES
on Nov 24, 2024
Verified
A(n) __________ describes all the details necessary to set the direction for a new business and to obtain the necessary financing to operate it.
A) operating budget
B) SWOT analysis
C) business plan
D) operating plan
E) strategic contingencies analysis
Business Plan
Describes the direction for a new business and the financing needed to operate it.
Operating Budget
A detailed projection of all estimated income and expenses based on forecasted sales revenue during a given period, usually one year.
Financing
The act of providing funds for business activities, making purchases, or investing, including means such as loans, equity, donations, or grants.
- Recognize the challenges and strategies related to establishing a new business, including business planning and leadership transition planning.
Verified Answer
RW
Learning Objectives
- Recognize the challenges and strategies related to establishing a new business, including business planning and leadership transition planning.
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