Operating a Business Is a Complex Process Since It Includes

question 10

True/False

Operating a business is a complex process since it includes many actors such as customers, employees, competitors, suppliers, governments and creditors.

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Definitions:

Needs' Assessment

An evaluative process aimed at determining the requirements or gaps in resources that must be addressed to improve performance or achieve objectives in a specific context.

Key Informant

A person with specialized knowledge about a particular subject who provides valuable insights or information for research or investigation.

Program Budgets

Financial plans that allocate resources for specific programs or projects, outlining anticipated revenues and expenditures.

Expenditures

The actions of spending funds or the amount of money spent on particular goods, services, or endeavors.