If the new venture is not a manufacturing operation,but a retail store or service,a new section of the business plan is required,which is called the:
A) organizational plan.
B) operational plan.
C) production plan.
D) executive summary.

Question

If the new venture is not a manufacturing operation,but a retail store or service,a new section of the business plan is required,which is called the: 
A) organizational plan.
B) operational plan.
C) production plan.
D) executive summary.

Quizplus · Accepted Answer

The operational plan is necessary for a retail store or service since it outlines how the business will operate on a day-to-day basis, including the location, facilities, equipment, staffing, inventory management, customer service, and marketing strategies. It also covers the legal and regulatory requirements, as well as any industry-specific standards or certifications. The organizational plan deals with the management structure, ownership, and personnel policies, while the production plan is relevant only for a manufacturing operation. The executive summary is a brief overview of the entire business plan, including the mission statement, market analysis, financial projections, and management summary.

If the New Venture Is Not a Manufacturing Operation,but a Retail