GENERAL KNOWLEDGE

GK

BUSINESS MANAGEMENT

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which type of business plan is meant primarily for an internal audience?
A
summary plan
B
full business plan
C
executive summary
D
operational business plan
Explanation: 

Detailed explanation-1: -D) Summary business plan is meant primarily for an internal audience and works best as a tool for creating a blueprint for a company’s operations and providing guidance to operational managers.

Detailed explanation-2: -Some established business will write an audience an operational business plan which is intended primarily for an internal audience. An operational business plan is a blueprint for a company’s operations.

Detailed explanation-3: -The Lean Business Plan A Lean Plan is more detailed than a one-page plan and includes more financial information, but it’s not as long as a traditional business plan. Lean Plans are more likely to be used internally as tools for strategic planning and growth.

Detailed explanation-4: -Business plans can be divided roughly into four distinct types. There are very short plans, or miniplans, presentation plans or decks, working plans, and what-if plans. They each require very different amounts of labor and not always with proportionately different results.

Detailed explanation-5: -Within your business, an internal business plan is used to define your business strategy, define who your ideal customers are, outline a more detailed marketing plan, and set your revenue goals and expense budgets.

There is 1 question to complete.