Match the Following Elements of a Business Plan with Their

question 58

Multiple Choice

Match the following elements of a business plan with their descriptions.
-Operational strategy.

• A) Sets out practical aspects of the venture including key processes, information systems, assets (e.g. premises, technologies), and controls.
• B) Sets out what venture aims to provide, why there is a demand and who is involved in the process (e.g. customers, suppliers, partners).
• C) Outlines the key features of the venture and may highlight relevant points such as funding required, growth potential and returns for investors.
• D) Analyses potential market and competition, summarizes marketing mix and explains how products and services will be promoted.

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Definitions:

Single Business Factor

A tax calculation method where a single parameter (like sales, payroll, or property value) is used to determine a business's tax liability.

Cultural Audit

An examination of an organization's culture, values, and practices to ensure they align with its goals and are conducive to maintaining a healthy workplace.

Ethnic Make-Up

Refers to the composition of different racial or ethnic groups within a population.

Cultural Audit

An examination of an organization's values, practices, and beliefs to assess how they influence workplace culture and employee behavior.