Question 1)
Ken Lee intends to raise fund for his new business venture. He has approached a venture capitalist who wants to prepare a business plan of his venture focusing on: a) Environmental & Industrial analysis b) Description of venture, c) production plan, d) Marketing plan and e) Financial plan, respectively.
Explain the importance of the above components in the business plan.
please explain in detail
Expert Answer
Importance of Environmental and Industrial Analysis.
It helps the firms to understand what is happening around in the industry, things which are going to impact the inside and outside of the business.
It helps to develop
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