Explain What a Business Plan Is and When One Is

question 9

Essay

Explain what a business plan is and when one is necessary.Then list five components that should be included in a business plan,describing the type of information that would be included in each.

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Definitions:

Cognitive Dissonance

A psychological discomfort experienced when holding two or more conflicting beliefs, values, or attitudes typically leading to a change in beliefs or behaviors to reduce the discomfort.

Social Learning Theory

A theory that suggests people can learn new behaviors and information through observing others, emphasizing the importance of modeling, imitation, and social reinforcement.

Imitation and Modeling

The act of mimicking the behavior, gestures, or speech of others as a method of learning, often a key process in the development of social skills and behaviors.

Aversion and Terror Management

Theories that explore human behavior and cognition relating to avoiding fear, death, and existential terror, often via clinging onto cultural beliefs or self-esteem enhancing activities.