06 Jul Please respond to each numbered comment with at a min of 100
Please respond to each numbered comment with at a min of 100 max 130 words must be in your own words no ref needed for your answers… must include original questions with answers…. 1. Per our readings for this week, a global business plan is a document that is prepared by an inventor or entrepreneur that describes each of the aspects of making the innovation into a new business venture. This means that they have thought out all of the different things that are going to effect the idea of bringing their business into the global market place and how they can make this change as successful as possible so that they can maintain this new holding in their expanded market. This is written mainly for the purpose of getting the financial backing that is required. 2. I feel that this is a very important key to the development of the business plan. In the marketing plan section it discusses the market specifically, including its size, trends and the rate of growth for the market. Also included in the marketing plan will be the demographic information of the market with such indicators as the age of the target market, the average income, and the gender of these customers. The marketing plan also discusses the four major elements of the marketing plan are price, distribution, promotion and product or service that are going to be offered to the consumer. 3. There are several aspects to a well thought out and well put together business plan. These are split into three sections, the first section including a title page, table of contents and the executive summary. The next section gets into the details of the business and what their overall plan is going to be. This section includes a description of the business, description of the industry, the technology plan, the marketing plan, financial plan, production plan, organizational plan, and operational plan and the final summary. The last section contains the appendices, also known as the exhibits for the business plan.
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