4. The involves generating an industry overview, giving a clear indication of the current situation. 5. The outlines the method by which the product is going to be produced.
6. The company’s and statement form an important part of this section, as it will put the business within a context for investors.
7. Any product innovation must be highlighted, so as to consider the likelihood of and.
8. Internal helpful factors that affect your business are called:

(A) strengths
(B) weaknesses
(C) opportunities
(D) threats

9. External factors that hinders your business growth are called:

(A) strengths
(B) weaknesses
(C) opportunities
(D) threats
3. The planning aspect does NOT include:

(A) finance
(B) market research
(C) hiring
(D) marketing

4. Targets that are set in order to guide the operations of a business is called:

(A) persistence and perseverance
(B) flexibility
(C) goal oriented
(D) innovativeness

5. The ability to adapt to new situations in the market is called:

(A) persistence and perseverance
(B) flexibility
(C) goal oriented
(D) innovativeness