The Business Planning Process Involves Making Decisions About

question 106

Multiple Choice

The business planning process involves making decisions about

• A) prices, suppliers and products
• B) competitors, consumers and capital
• C) markets, risks and consumer behaviour
• D) objectives, strategies and tactics
• E) a ten-year goal

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Definitions:

Selling Product

The process of promoting and transferring ownership of a product from the seller to the buyer for payment.

Company Expansion

The process by which a company increases its size, operations, or market presence, often through opening new locations, acquiring other companies, or entering new markets.

Written Communication

The process of conveying messages or information through written symbols, either printed or electronic.

Oral Communication

Communicating thoughts or information by speaking.