Question

_____ elements of a business plan include a company mission statement, value proposition, and positioning statement....

_____ elements of a business plan include a company mission statement, value proposition, and positioning statement. A. Strategic B. Financial C. Operational D. Formal 1 points QUESTION 6 What is the second step in creating a new online company? A. Identify a need in the marketplace B. Investigate the opportunity C. Sell the product directly to consumers D. Determine the owner’s ability to meet the need

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Answer #1

1) A).Strategic

Strategic is a process of outlining goals and objectives to be attained by the organisation in the long run.It involves developing a company mission statement. It describes to readers how the business will compete in the chosen markets. It includes the promise of value to be delivered to the customer.

2) B) Investigate the opportunity

The very first step in starting a new company would identify the need for a particular product/service in the market.Once you have identified the target market, the second step would investigate the opportunities in the Target Market.Is the market saturated with competitive products/services from other companies?.What is the opportunity for our product in the market? Who are my consumers?.Identify your customers, who would pay you for your product/service.

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