The following are all key elements in the company and management team section of the business plan EXCEPT ________.
A)description of which companies will provide the materials to manufacture the product
B)explanation of what economic trends are emerging and how they will affect future growth
C)description, if applicable, of the board members for the business
D)explanation of why the business has the unique opportunity to impact the industry

Question

Quizplus · Accepted Answer

The description of which companies will provide the materials to manufacture the product is more appropriate for the operations section of the business plan. The company and management team section should focus on introducing the key members of the team, their roles and responsibilities, and how their experience and skills will contribute to the success of the business. Additionally, it should highlight the unique factors that differentiate the business from competitors and how it is poised to impact the industry. Board members, if applicable, can also be introduced here. Economic trends, while important, are better suited to be discussed in the market analysis section of the business plan.

The Following Are All Key Elements in the Company and Management