Question

korey is planning to open a comic book store. when the store opens, he plans to be the only employee. as the business grows, he will extend his hours of operations and hire additional employees as necessary.

in korey’s business plan, this information should be included in the ______ component.
a. financial analysis
b. organizational plan
c. executive summary
d. implementation plan

please select the best answer from the choices provided

a
b
c
d

Explanation:

To determine the correct component, we analyze each option:

• Option a (financial analysis) focuses on financial aspects like costs, revenues, and profits, which is not related to employee hiring plans.
• Option b (organizational plan) outlines the structure of the business, including staffing and how the business is organized. Korey's plan about being the only employee initially and hiring more as the business grows is about the organizational structure and staffing, so this fits.
• Option c (executive summary) is a brief overview of the entire business plan, not specific to staffing details.
• Option d (implementation plan) focuses on the steps to execute the business strategy, not on the organizational structure or staffing.

Answer:

b. organizational plan