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Solved in 2 steps
- What elements are included in the "Business Idea" section of a written business plan?Match each business model type with the correct description. Remember to select a different business model type for each description. Business model type Product business model Multisided business model Solution business model Matchmaking business model Description A company controls a platform where sellers and buyers exchange products or services. A product or service is designed according to specifics defined by each customer. A product or service is offered to customers. A company provides different products and services to different groups of clients who gain some benefit from the existence of the other group of clients.Generating business ideas is very important for the establishment of the business enterprise .Outline and describe giving practical examples, ten possible sources of business ideas.
- What are the eight elements that should be included in the executive summary of a business plan?What is the rationale behind conducting a business model analysis? How can the enterprise solution be visualized? Will this provide our organization with valuable information?1.) In determining the purpose of existence of a business, examine the four steps that a business goes through to achieve a competitive advantage.
- How does an entrepreneurial firm identify and utilize a value prosposition?Describe the process on how to submit a business plan for one’s business1. Outline the difference between a business idea and a business opportunity? Why is this distinction important? 2. Define business concept statement, in your own words. Outline its main elements.
- What objectives should be set for the company?The following are the fundamental questions to consider when starting a business EXCEPT: Do you have a viable concept? Is the reason you want to start a business consistent with your character and concept? Do you know how to run a business? Do you have what it takes? 3How can a company effectively communicate its organizational plan to all levels of employees?