Regarding the applicability of a business plan to the Gastronomy field, evaluate the following statements. I. The business plan is impacted by the...

Regarding the applicability of a business plan to the Gastronomy field, evaluate the following statements.

I. The business plan is impacted by the location planning and product offerings, and the research with the target audience to define the menu should be done after the establishment is installed.
II. The operation method of the business is a basic specification of the business plan for a food service establishment, and it should define the service model, production flow, inventory, and financial structure.
III. The business plan is a way to understand the customers, competitors, suppliers, and the environment in which the company will operate, allowing to determine if the business is truly viable.
IV. The company's establishment, which involves bureaucratic procedures in various government agencies, should be done after the construction of the business plan, as it is beyond the scope of this document.

Which statements are correct?
Selected Answer: b. II and III.
Answers:
a. I and II.
b. II and III.
c. III and IV.
d. I, II, and IV.
e. I, III, and IV.


a. I and II.
b. II and III.
c. III and IV.
d. I, II, and IV.
e. I, III, and IV.