BUISENESS MANAGEMENT
MARKETING
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
A document that outlines a strategy used by a business to try and make a product stand out against competitors.
|
|
|
A document that outlines the a pricing strategy that takes into account the prices charged by competitors in the same industry.
|
|
|
A document that outlines the aims of a business and how it intends to achieve those aims. It is a plan which details the physical, human and financial planning, and the intended operations.
|
|
|
A document that outlines the cost that does not vary with output
|
Detailed explanation-1: -What Is a Business Plan? A business plan is a document that defines in detail a company’s objectives and how it plans to achieve its goals. A business plan lays out a written road map for the firm from marketing, financial, and operational standpoints. Both startups and established companies use business plans.
Detailed explanation-2: -A business plan is a written outline of every aspect of your business with a focus on your business model and economic viability. Among other things, a business plan includes a statement of the purpose of your business, an analysis of your business model, and a description of your competition.
Detailed explanation-3: -A business plan is essentially a written summary of the various aspects of a business’s operation and their influence on financial results.
Detailed explanation-4: -A business plan is a document that outlines your business’s financial goals and explains how you’ll achieve them. A strong, detailed plan will provide a road map for the business’s next three to five years, and you can share it with potential investors, lenders or other important partners.
Detailed explanation-5: -A traditional business plan typically includes-an executive summary, an overview of your products and services, thorough market and industry research, a marketing and sales strategy, operational details, financial projections, and an appendix.