Question
Name 4 main p arts of a bus iness p lan.
Answer
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Harriet
Elite · Tutor for 8 years
Answer
The four main parts of a business plan are: 1. Executive Summary 2. Company Description 3. Market Analysis 4. Organisation and Management
Explanation
## Step1A business plan is a written document that describes an organization's future objectives and strategies for achieving them. It includes various main parts that help in detailing the blueprint for future activities. Here are four main parts of a business plan:## Part 1: Executive Summary### The Executive Summary is a succinct synopsis of the business plan, summarizing the entire information in an sizes-readable format. Although usually appearing at the beginning of the plan, it is often completed last. ## Part 2: Company Description### The Company Description offers an deeper review of the company which includes an explanation of the business, the products/services it will offer, its unique features, and it will position itself in the market landscape.## Part 3: Market Analysis### The Market Analysis provides a closer view of the organization's competitors, potential customers, prevailing market trends, etcetera. It helps to reflect the company's necessary understanding of the market in which it wishes to operate.## Part 4: Organisation and Management### Organisation and Management describe the structure of the organization, the team, form of business ownership for smooth operations, and wise decision making.