Planning an Online Business Is Similar to Planning for Any

question 6

True/False

Planning an online business is similar to planning for any startup venture in that it centers on a business plan.

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Definitions:

Activity Variance

The difference between what was planned in terms of activity levels or costs and what was actually achieved.

Administrative Expenses

Costs related to the general operation of a business, such as salaries of executive personnel and office supplies.

Client-Visits

The number of times clients come to a business location or are contacted for service purposes within a given time frame.

Activity Variance

The difference between the expected amount of activity and the actual activity level, often used in budgeting and forecasting.