Q1. a) A business plan is often called a selling document for a new company. In what ways does a business plan provide a mechanism for a young company to present itself to potential investors, suppliers, business partners, and key job candidates? The Executive Summary, which is one of the first things that appears in a business plan, discuss why it should be written in last while preparing the business plan? (4 + 2)

b) You as an Entrepreneur has planned to enter an Industry with your newly established firm, what barriers you anticipate facing as new entrant in the industry? Also discuss the difference between a concentrated and a fragmented industry; which one of them is usually more open to new firms? (2 + 2)