Which component of a business plan presents all the processes involved in producing and delivering products and services to customers?

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Terms in this set (9)

Executive summary

A brief one- to two-page description of the key points of each section of the business plan.

Product/service plan

This plan presents:
*Product or service you are offering
*Unique features of the product/service
*Additional products or services that may be
offered once the business becomes established.

Management team plan

This plan presents:
*Qualifications of the entrepreneurs
*Qualifications of partners who may be involved
in the business venture.

Industry/market analysis

This section analyzes:
*Customers
*The competition
*The industry
*Demographic, geographic, and economic data.

Operational plan

This section includes all processes involved in producing and/or delivering the product or service to the customer.

Organizational plan

This plan includes:
*Management
*Philosophy of the business
*Key management personnel
*Key employment policies

Marketing plan

This plan describes:
*How the business will make customers aware of
its products/services
*The market being served
*The marketing strategies that will be used to
reach the customer
*A promotional plan
*A marketing budget.

Financial plan

This section includes financial statements that will help forecast the future financial health of the business.

Growth plan

This plan presents plans for future expansion of the business.

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Verified questions

QUESTION

Edmund Enterprises recently made a large investment to upgrade its technology. Although these improvements won’t have much effect on performance in the short run, they are expected to reduce future costs significantly. What effect will this investment have on Edmund Enterprises’ earnings per share this year? What effect might this investment have on the company’s intrinsic value and stock price?

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QUESTION

You visit a new Mom & Pop café that holds weekly drawings for free treats and prizes. It requires signing up with your email address. The café promises not to share your information with any outside parties, but you start receiving a lot of spam after signing up. Even if a company promises not to sell your email address, it is possible for spammers to access the company's computers if they are not secure. Discuss with your class whether it is ethical for the restaurant to keep running this promotion.

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QUESTION

It is a fact that the federal government (1) encouraged the development of the savings and loan industry, (2) virtually forced the industry to make long-term fixed-interest-rate mortgages, and (3) forced the savings and loans to obtain most of their capital as deposits that were withdrawable on demand. a. Would the savings and loans have higher profits in a world with a “normal” or an inverted yield curve? Explain your answer. b. Would the savings and loan industry be better off if the individual institutions sold their mortgages to federal agencies and then collected servicing fees or if the institutions held the mortgages that they originated?

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QUESTION

It is frequently stated that the one purpose of the preemptive right is to allow individuals to maintain their proportionate share of the ownership and control of a corporation. a. How important do you suppose control is for the average stockholder of a firm whose shares are traded on the New York Stock Exchange? b. Is the control issue likely to be of more importance to stockholders of publicly owned or closely held (private) firms? Explain.

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What are the components of each of the business plan?

Main Components of a Business Plan It may include a table of contents, company background, market opportunity, management overviews, competitive advantages, and financial highlights. It's probably easiest to write the detailed sections first and then extract the cream to create the executive summary.

What are the 4 components of a business plan?

Key lessons on the 4 key components of a business plan The executive summary, marketing plan, key management bios, and financial plan business plan sections are critical and should be included in all business plans.

What are the 5 components of a business plan?

Business Plan Checklist: 5 Key Components to Include.
Executive Summary. The executive summary is the most important part of the business plan. ... .
Company Summary. The company summary is the next critical component of any well-formulated business plan. ... .
Market Analysis. ... .
Management Team. ... .
Revenue Projections..

Which section of the business plan describes how the product will be developed and produced or how the service will be delivered?

The operations plan section of the business plan outlines how your business will be run and how your product or service will be produced.