After fully developing their new business idea, Holly and Trent recognize the need to
develop a business plan. Typical business plans will include all of the following, except:
Scenario – Holly and Trent
While many others dreamed about owning their own business, Holly Gabrel decided to
do something about it. Holly knew that being self-employed required long hours and
hard work, but with the help of her husband, Trent, Holly was positive that the hours
and the work would be rewarded. First, she and Trent developed a new concept in
sunglasses that could be used by athletes better than the sunglasses now on the market.
Holly and Trent obtained a patent on their invention, and began production and
marketing.
a. mission or vision of the company.
b. information about the suppliers.
c. policy for extending credit to customers.
d. analysis of critical risks that threaten success.
e. all of these should be included.
Benchmark control focuses on the quantity of an end product or service.
a. True
b. False
The Write Pens, Inc. wants to reduce transferring costs by producing closer to the