ENTREPRENEURIAL PLANNING
BUSINESS PLAN DEVELOPMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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A business plan is a detailed road map that explains what the company’s goals are and how they will be achieved.
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True
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False
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Either A or B
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None of the above
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Explanation:
Detailed explanation-1: -Strategic planning is a process in which an organization’s leaders define their vision for the future and identify their organization’s goals and objectives. The process includes establishing the sequence in which those goals should be realized so that the organization can reach its stated vision.
Detailed explanation-2: -A business roadmap should include key milestones, objectives, and deliverables along with tasks assigned so that there is no confusion about what needs doing next or when it might need doing. This process will also help ensure that team members know how to achieve those larger goals.
There is 1 question to complete.