Matt plans to open a corner store. The startup cost is approximately $10,000. Since Matt has only $2,500 with him, he decides to invite two of his friends-Brett and Brian-to join him in this venture. Who should write the business plan in this scenario?
A) Only Brett and Brian-since they are contributing 75 percent of the initial investment
B) Matt, Brett, and Brian-it should be a team effort
C) It depends on who has paid the biggest share of the startup cost.
D) Matt alone, since it was primarily his business plan
Correct Answer:
Verified
Q22: _ is the amount of money available
Q23: The legal objectives are included in the
Q24: SWOT analysis is a useful tool to
Q25: An effective business plan should be about
Q26: Because planning for the future is so
Q28: The _ is the part of the
Q29: The process of planning is time-consuming.
Q30: The oral presentation of the business plan
Q31: Strategic planning consists of two parts: the
Q32: In a SWOT analysis, strengths and weaknesses
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