1. A business plan is......................?
A written description of the nature of the business.
A goal setting approach
A written description of the mission and vission
Strategic planning
2. Competitive advantage is when a business has special capabilities of a company that other don't have.
False
True
3. Strategic planning is about
Planning
long term and provides broad goals and direction for the business.
short term and identifies specific goals and activities
Organizing
4. Internal Analysis is about the................?
Opportunity
Threat
Opportunities and threats
Strengths and weaknesses
A mission is.....................
levels of management
the companies reason for existing.
management styles
short specific statement of the business purpose.
Operational plans are based on a businesses .............
Autocratic leader
How to achieve goals
Strategic planes and are developed after the strategic plan is completed.
Never achieving goals.
A budget is a written financial plan that
is set for a specific period of time to see how a business will spend money
Surplus
Income
Expenses
Is a schedule a time plan for reaching objectives?
False
True
A Standard is.......................
IS a specific saying or slogan
open leader
democratic
specific measure against something that is judged.
A procedure is a
Goal Setting
guideline in making decisions.
getting the objective achieved
sequence of steps to be followed for performing a specific task
