Gr 7 Fair business plan and activities

Question 1

what should a business plan contain

Answer 1

1 - logo with name of business and owner
2 - explain why you think business will be successful
3 - describe the product you wish to market
4 - set attainable goals
5 - give detailed explanation of the cost of your materials
6 - list all your requirements
7 - determine how much you will add to cost of your product

Question 2

what other 2 factors are important and why

Answer 2

Advertising:
- important that potential clients know of the product / service that you wish to market

Productivity:
- how well a business is run and how well resources are used determines how productive a business will be