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Activity 1: Name: Grade & Section: Date of Submission

The document provides guidance for developing a business plan by listing questions an entrepreneur should consider, such as what business they are in, their target market, competitors, and sales and management strategies. It also asks about start-up costs and getting help. The second part prompts the reader to identify principal components of a business plan and provide brief descriptions, but does not include any responses.

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NIGSECO MPC
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74 views

Activity 1: Name: Grade & Section: Date of Submission

The document provides guidance for developing a business plan by listing questions an entrepreneur should consider, such as what business they are in, their target market, competitors, and sales and management strategies. It also asks about start-up costs and getting help. The second part prompts the reader to identify principal components of a business plan and provide brief descriptions, but does not include any responses.

Uploaded by

NIGSECO MPC
Copyright
© © All Rights Reserved
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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Name:

Grade & Section:


Date of Submission:

Activity 1
Part A:

Instruction: A prospective entrepreneur should answer such questions for


himself. As an owner-manager, he or she has to answer them and draw up his
or her business plan.

Answer the following question on how to plan a business, one should consider
the following questions.

 What business am I in?


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 What goods do I sell?


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 Where is my Market?
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 Who will buy?


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 Who is my competitor?
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 What is my Sale Strategy?
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 What merchandising methods will I use?


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 How much money is needed to operate my business?


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 How will the work be done?


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 What management controls are needed?


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 How can they be carried out?


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 When should the plan be revised?


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 Where can help be obtained?
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Part B:

Instructions: What are the Principal Components of the Business Plan? And
give a brief description.

Name of the following Principal Brief Description


Components of the Business Plan

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