When Should You Update a Business Plan

question 12

Multiple Choice

When should you update a business plan?

• A)During financial changes
• B)When there are changes in the market or during the launch of a new product or service
• C)During periods of new management to reflect on the new reality
• D)All of these choices

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Definitions:

Forming a Coalition

The process of bringing together multiple parties or groups with a common interest to achieve a specific goal or address a collective issue.

Legitimize

To make something legal, acceptable, or recognized according to laws or rules.

Ingratiate

The act of making oneself more desirable or acceptable to another person or group, often through flattery or trying to please them.

Influence Tactics

Strategies or methods used by individuals to persuade, convince, or sway others towards their viewpoints or desired actions.