1. The company's overall direction and answer to the question, "Where do I want the company to be in 3 to 5 years?" is answered in this section of the business plan.
a. executive summary
b. company history
c. business and industry profile
d. marketing strategy
2. The three key elements of any partnership are:
a. common ownership in the business, sharing the business' profits or losses, and the right to participate in managing the business. b. equal ownership in the business, sharing its profits and losses, and the right to participate in managing the business. c. equal ownership in the business, sharing its profits and losses, and the right to limited liability for all partners. d. common ownership in the business, sharing its profits and losses, and the right to limited liability for all partners.