Chapter 5

5. A group of businesses with a common interest
6. the process that tests a business concept
9. Things that promote or enhance the value of a product or a service to the customer
10. A declaration of the specific aspirations of a company, the major goals for which it will strive
13. Distinctive aspects, qualities, or characteristics of a product or service
16. Clear and concise description of a business opportunity
18. A product and ____ plan is part of a business plan
19. The _____ statement and mission statement state the guiding principles by which a company functions
20. To save time, ______ and lenders rely on the summary summary
21. To consider all of the requirements of a product create a _____

1. There are _______ parts of a business plan
2. The _______ ______ section of the business plan should demonstrate that the proposed business has an advantage over competitors
3. A strong ____ ____ is important to investors
4. Once you have a feasible business concept, the next step is to develop a ____ ____
7. End of users of the service, also called the consumer
8. The _____ overview presents your research into the industry
11. Small Business Administration
12. There are _____ common mistakes when creating a business plan
14. There are ______ feasibility analysis questions
15. An easy way to evaluate the competition is to create a ______ _____
17. A ___ is the head of a company