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A: A business plan is a written summarized document that contains the financial and operational…
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A: Attractors are web pages or sites that have the capability to draw consumer's attention and these…
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A: A business is defined as an organization engaged in commercial, industrial, or professional…
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Q: the difference between informal planning and formal planning
A: The term planning is defined as the process of thinking about the activities that are necessary to…
Q: Discuss in detail and in your own words the meaning, limitations and benefits of planning.
A: Planning is the initial step of the organization to move ahead and think about the activities that…
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A: PESTEL analysis is a strategic tool to analyze the macro environment of the organization.
Q: What are two disadvantages associated with comprehensive planning
A: The two disadvantages associated with comprehensive planning are mentioned below:-
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A: Option D
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- Discuss the importance of conducting thorough market research and competitor analysis in the business planning process. How can businesses use this information to identify opportunities and mitigate risks?Describe how you will prepare your business plan for a new business venture such as a stationary store. Be sure to include the components of a good business plan.How do lean business plans differ from conventionalbusiness plans?
- Aside from business plan and financial aspect of the business, give one more thing thatneeds to prepare for starting a business. Explain your answer.discuss how this equation can be distilled into two component ratios: ‘margin’ and ‘turnover’, and explain how the relationship between these component ratios gives an entrepreneur a tool to maximize profitability.What is the rationale behind conducting a business model analysis? How can the enterprise solution be visualized? Will this provide our organization with valuable information?
- You plan to open a new business. Before you can approach a potential investor, you will need a strong plan. Describe the purpose and components of a business model and write a one-paragraph business model description for a business of your choice.Why do business fail to begin the planning process? list a few examples and explainList at least three risks any small business owner faces and termine how they will control this risk.