When Creating an Action Plan, It's Important To

question 18

Multiple Choice

When creating an action plan, it's important to:

• A) state your goal in the most general terms
• B) outline specific steps that will lead to achieving the goal
• C) give yourself deadlines that will be difficult to meet
• D) not write the action plan down, so you can change it if you need to

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Definitions:

Service Company

A business that provides intangible products or services to customers rather than physical goods.

Labor Costs

Labor costs refer to the total expenses related to compensating employees, including wages, benefits, and taxes, incurred by a business.

Staff Turnover

The turnover rate of employees in a company, signifying the speed at which staff members depart and are subsequently replaced by new hires.

Credit Sales

Sales made by a business where the customer is allowed to pay at a later date, as opposed to immediate cash transactions.