A business plan for a new venture has many components.Which of the following would you not expect to be a significant component in a business plan?
A)Demonstration of technological merit and novelty.
B)Identification of the key markets and customers.
C)Assessment of potential competitors and barriers.
D)Estimations of cash-flow and financial requirements.

Question

Quizplus · Accepted Answer

Demonstration of technological merit and novelty, while important for understanding the product or service's unique value proposition, is not typically a significant component of a business plan. Business plans focus more on market analysis, financial planning, and competitive strategy.

A Business Plan for a New Venture Has Many Components