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Marketing Essentials: The Deca Connection1st EditionCarl A. Woloszyk, Grady Kimbrell, Lois Schneider Farese 1,600 solutions What is the significance of a harvest strategy segment in a business plan?A harvest strategy is a calculated decision to minimize all types of spending on a specific product to maximize profitability, despite a potential decline in market share. A harvesting strategy can be developed for product or business lines and serves as an “exit” plan should a product become outdated.
What is the most important section of the business plan quizlet?The executive summary is often called the most important part of the business plan because an investor will first ask for a copy of a firm's PowerPoint deck or executive summary and will request a copy of the full business plan only if the PowerPoint deck or executive summary is sufficiently convincing.
Which of the following is most important part of the business plan?Summary/Overview
A brief, but focused statement (a few sentences or paragraphs) stating why the business will be successful. This is the most important piece of a Business Plan because it brings everything together.
What is the most important reason for having a business plan quizlet?A business plan forces you to communicate your ideas effectively, so it helps you convince lenders, suppliers, and yourself that your business can succeed. A business plan can be used as a managing tool, so it helps ensure the future success of your business.
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What is the significance of a harvest strategy segment in a business plan quizlet?
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