Part 4: Business Plan/ Feasibility Study

Which document provides a detailed description of the farm business?

• Business Plan

• Research Project

• Feasibility Study

• Project Proposal

It aims to convince the reader or potential investors that the proposed business is a worthy investment.

• Marketing Aspect

• Technical Aspect

• Economic Aspect

• Executive Summary

The primary purpose of a business plan is to

• attract lenders and investors

• enable an entrepreneur to take his or her company in public

• guide an enterprise by plotting a strategy for its success

• Meet SEC and other legal requirements designed to protect lenders and investors

Technical feasibility is essential due to the following EXCEPT:

• It indicates the manufacturing processes, product design , and drawings.

• The details of machinery, equipment raw materials and manpower required.

• It provides a flow chart of the manufacturing process.

• It includes deciding which legal form of organization is appropriate for your business.

Which of the following is the most critical component of a business plan?

• Market Analysis

• Business Description

• Executive Summary

• Financial Study