Marketing & Entrepreneurship Final

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What is a business plan?

Back

A business plan is a document that describes a new business and a strategy to launch that business.

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A vision statement establishes...

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The scope and purpose of a company and reflects its values and beliefs.

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A marketing plan discusses...

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how a company makes its customers aware of its products or services

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What plan looks at how the business will expand in the future?

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Growth plan

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What is a value chain?

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A value chain is the distribution channel through which your product or service travels through.

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An entrepreneur is...

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An individual who undertakes the creation, organization, and ownership of a business.

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Which of the following choices explains a venture? A venture is a type of small insect, A venture is a type of financial investment, A new business undertaking that involves risk., A venture is a type of large boat

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A new business undertaking that involves risk.

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Entrepreneurship is...

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The process of recognizing opportunity testing it in the market, and gathering resources necessary

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Economics is...

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the study of how resources are allocated

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What is the Free enterprise system?

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An economic system in which businesses are privately owned and operate for profit with minimal government intervention.