Can you please give detailed and long explanation about 1. a. (1. i, ii, iii 2. i, ii, iii) and 2. (b.)? Thank you!

BUSINESS ANALYSIS ted to run his own restaurant. 1. Ed Perez has always w He worked part time in e food service business during high school and college and has worked for a arge restaurant chain since graduating from college four years ago. He's now ready to open a franchised restaurant. However, a large investment is required to Ed has saved some money, bu will also have to secure a substantial loan Fortunately, Ed's old college roommate, Joe Dixon, s now officer with the local bank. Besides being a good friend, Joe knows that Ed is a stable, hard-wor ing businessman and an excellent credit risk. Ed is now meeting with Joe to apply for the loan. After exchanging pleasantries, Joe asks to see Ed's business plan. In response, Ed tells him all about the idea and shows him the written information from the franchisor, which Joe glances at briefly. Joe listens politely leans back in his chair, and says Ed, I've known you for years. I'm sure this is a great idea, and that you'll make a terrific restaurateur, but we can't even begin to consider a loan until we see a fully developed business plan that looks at least five years into the future a. Why is Joe (the bank) insisting that Ed prepare a business plan? 1. What will it show the bank? i. List some specific concerns the bank might have that a plan would answer out side of the financial section ii. List several concerns that the financial plan might answer for the bank iii. Why is the bank insisting on such along planning horizon? Does that imply the bank is looking for a strategic plan? 2. What will preparing a business plan do for Ed? i. Before he gets started ii. After he gets started. ii. What will he learn by doing the financial plan? b. what kind of thinking is the bank looking for in Ed's plan? That is, should the plan be strategic or operational or short term? 2. You're the CEO of the R plan and an annual get each quarter, mon quick forecasts neart The forecasts an department and de time, However, executive effort ing plan demand all levels. It's eight o'clo and the executive kick off the prepara for the next calend Charlie Gogetter, th He takes the floor a I'm tired of sp plans! We just finish must've taken a mom sales region got inse third quarter budg get in September will probably tie up until Christmas On top of tha ning, we're putting performance to pla Big Tech, we hardly It's true we're a lot I don't think we can rather than doing! I suggest that be assigned to thro mit to Big Tech, and work Other membe ings to some extent some unrest among pany s manageme statement and prop that Big Tech is o 3. You've just been h a new company in t