Practicing Success

Target Exam

CUET

Subject

Entrepreneurship

Chapter

Entrepreneurial Planning

Question:

A three minute teaser to awaken the interest of potential investors. Which of the following business plan format does it relate to ?

Options:

Elevator pitch

Pitch deck with oral narrative

Written presentation for external stakeholders

Internal operational plan

Correct Answer:

Elevator pitch

Explanation:

Elevator pitch: It is a three minute summary of the business plan's executive summary. This is often used as a teaser to awaken the interest of potential funders, customers, or strategic partners.