Business plan includes:

A. Risk factors

B. Market analysis

C. Market survey

D. Market strategy

E. Market penetration

Choose the correct answer from the options given below :

A, B, C and D only

The correct answer is option (2)- A, B, C and D only.

A. Risk factors- A business plan often includes a section on risk factors to assess and mitigate potential challenges and uncertainties in the business environment.

B. Market analysis - Market analysis is a crucial component of a business plan, as it involves researching and analyzing the target market, industry trends, and competition.

C. Market survey - Market surveys or research findings are often incorporated into the market analysis section to support the business plan's conclusions.

D. Market strategy - A business plan should outline the strategies for entering and competing in the chosen market.

The business plan includes various components that are important for planning and executing a business venture.

1. Executive Summary

2. Business/industry background

3. Product/service to be offered

4. Market analysis

5. Sales and marketing strategy

6. Production/operations strategy

7. Management

8. Risk factors

9. Funds required

10. Return on and off investment and exit routes

11. Use of the sales proceeds

12. Financial summaries

13. Appendices, e.g., Reports on Market Survey etc