Practicing Success

Target Exam

CUET

Subject

Business Studies

Chapter

Entrepreneurship Development

Question:

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 :

Options:

A only

A, B, C and D only

A, B, C and E only

A, B and C only

Correct Answer:

A, B, C and D only

Explanation:

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

A business plan typically includes various components that are important for planning and executing a business venture. Let's go through each of the options and determine which are commonly included in a business plan:

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.
E Market penetration - Market penetration strategies may be discussed within the market strategy section but are not always explicitly included in a business plan.

Based on these considerations, the correct answer is:

A, B, C, and D only

This option includes risk factors, market analysis, market survey, and market strategy, which are fundamental elements of a comprehensive business plan. Market penetration is a strategy that may be discussed within the market strategy section, but it is not always a separate section in a business plan.