Eps topic menufacture 2024 //{Question Set : 1} By Sagar Tirwa

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EPS (Entrepreneurship and Professional Skills) is a broad topic, and UBT (Undergraduate Business Test) exams typically cover various aspects of entrepreneurship, business management, and professional skills. To provide a solution, I'll need a specific question or topic within this subject area. However, I can give you a general idea of how to approach a typical EPS UBT exam question.
Let's assume a common type of question you might encounter:
*Question:* Discuss the importance of a business plan for a startup. Identify the key components that should be included in a business plan and explain their significance.
*Solution:*
*Importance of a Business Plan for a Startup:*
A business plan is crucial for a startup for several reasons:
1. *Clarifies Vision and Objectives:* It helps the entrepreneur to clearly define the business vision, mission, and goals.
2. *Guides Operations:* It provides a roadmap for the business, outlining the steps needed to achieve the goals.
3. *Attracts Investors:* Investors and lenders often require a business plan to evaluate the viability of the business before providing funding.
4. *Risk Management:* Identifies potential risks and provides strategies for mitigating them.
5. *Performance Monitoring:* Sets benchmarks for performance, making it easier to track progress and make adjustments as needed.
*Key Components of a Business Plan:*
1. *Executive Summary:*
- *Significance:* Provides a concise overview of the business plan, capturing the essence of the business and its strategic direction. It’s crucial for grabbing the attention of investors and stakeholders.
2. *Company Description:*
- *Significance:* Offers detailed information about the business, including its history

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