ECONOMICS
BUSINESS CYCLES
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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start-up
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growth
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maturity
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post-maturity
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Detailed explanation-1: -This will allow you to gauge how the plan actually impacts the running of your business. It is key to ask them questions such as: Do they have suggestions to improve ways to provide better customer service? Do they feel the objectives laid out in the business plan align with the way they currently do their jobs?
Detailed explanation-2: -A business plan is a document created by a company that describes the company’s goals, operations, industry standing, marketing objectives, and financial projections. The information it contains can be a helpful guide in running the company.
Detailed explanation-3: -Step 1: Establish your mission. In essence, your mission statement explains why your business exists. Step 2: Analyse your SWOT. Step 3: Develop a plan. Step 4: Create a budget. Step 5: Put it in writing. Step 6: Make it a living document.
Detailed explanation-4: -Operational Planning. “Operational plans are about how things need to happen, ” motivational leadership speaker Mack Story said at LinkedIn. Strategic Planning. “Strategic plans are all about why things need to happen, ” Story said. Tactical Planning. Contingency Planning. 07-Jul-2017