alleryWith what does creating a business plan often begin?
APrinting the final pitch deck for banks
BSigning the bank loan papers at branch
CHiring the first sales team for a firm
DLaying out the primary business concept
Answer & Solution
Correct answer: D. Laying out the primary business concept
The process usually starts by describing the main business idea, and then gathering data on whether it is feasible.
Keep practising Building Blocks in Economics
Browse all Building Blocks in Economics questions for CBSE Class 9, or explore more Social Science topics.
Related questions
What is one way entrepreneurs can exploit opportunities?What does bootstrapping try to minimise?Which two thinkers defined entrepreneurship in terms of risk-taking?What do venture capital firms take for seed money?What do revenue-based financing lenders receive for growth capital?Which activity describes startup investing?What is an internal startup in a large company?When is a startup usually in its seed round?