A Business Plan Must Be Thought of as a Work

question 32

True/False

A business plan must be thought of as a work in progress because nothing goes according to plan.

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Definitions:

Situation Analysis

An assessment method used to understand the internal and external factors affecting an organization's performance and strategy.

Break-Even Analysis

The process of calculating the break-even point, which equals the sales volume needed to achieve a profit of zero.

Profitability

The degree to which a business or activity yields profit or financial gain.

Organizational Structure

The system of tasks, workflows, reporting relationships, and communication channels that link together the diverse parts of an organization.