Jill Is Writing a Business Plan for a Small Home-Based

question 2

Multiple Choice

Jill is writing a business plan for a small home-based operation. If well written, the business plan will assist her in determining if

• A) the business aligns with her personal goals.
• B) an investor would be a perfect fit for the proposed company.
• C) suppliers can be found for the operation.
• D) outsiders can be made into insiders.

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Definitions:

Unique Cultures

Distinctive ways of life, practices, and beliefs that characterize different societies or organizations.

Functional Department

A segment within an organization structured based on functions, such as marketing, finance, human resources, and production, each led by specialists in those areas.

Product Division

A method of organizing a company by specific products or product lines, allowing for focused management and operational strategies.

Similar Tasks

Activities or duties that share common characteristics, objectives, or outcomes, often requiring a similar set of skills or approaches to be completed.