Answer:
Business Plan
1 A business plan’s letter of transmittal should contain (tables exhibiting sales forecasts / contact information for all principals / a table of contents).
Read the scenario, and then answer the question.
You are starting a coffee business in Seattle and have begun to write your company description.
2. What should you include in your description? Check all that apply.
a. Promotional materials
b. Market trends and projected growth
c. The type of business
d. The form of business
Read the scenario, and then answer the question.
You are an angel investor considering investing in a new medical instruments company.
3. As you review the company’s business plan, what do you expect to see in the company description?
a. Descriptions of products and services the company will offer
b. Whether or not the business is a partnership or corporation
c. A clear and persuasive request for financial backing
Unlike proposals, formal reports don’t make an offer; instead, they represent the end product of a thorough investigation and analysis. They provide an ordered way to present information to decision makers and are divided into segments to make information comprehensible and accessible.
Consider the scenario, and then answer the question.
Your coworker is writing her first formal report. As you are proofreading the report for her, you notice she doesn’t have a letter or memo of transmittal. When you tell her it is missing, she asks you about the purpose of the letter or memo of transmittal.
4. What can you tell her?
a. A letter or memo of transmittal acts as an introduction to a formal report.
b. A letter or memo of transmittal lists the figures used in a report.
c. A letter or memo of transmittal provides a place to record the headings and page numbers in your report.
5. When writing an executive summary for a formal report, make sure you (summarize key points / emphasize technical language / eliminate headings).
6. Which element of a report’s introduction is being defined?
a. This element orients readers by previewing the structure of the report.
b. Organization
c. Sources and methods
d. Definitions of key terms
7. Which element of a report’s introduction is being defined?
This element summarizes what other authors and researchers have published about your topic.
a. Literature review
b. Sources and methods
c. Scope
Explanation:
A business plan, as defined by Entrepreneur, is a “written document describing the nature of the business, the sales and marketing strategy, and the financial background, and containing a projected profit and loss statement.”
It helps one to know how to structure, organize, and grow a business. As a roadmap, it provides a guide for a new business to learn the elements that ensure successful business performance and outcome. It is required from an entrepreneur who needs financing to put his business ideas to work. It helps investors to know if the business ideas being proposed are marketable and commercially viable.
It is a kind of formal report.
