Which Key Element of a Business Plan Will Determine Inventory,size

question 75

Multiple Choice

Which key element of a business plan will determine inventory,size of space required,and number of employees needed?

• A) Financial planning
• B) Comparing existing businesses
• C) Sales forecasting
• D) Setting goals and objectives
• E) Identifying strategies and how to implement them

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Definitions:

Lucidity

The quality of being easily understood, completely intelligible, or comprehensible.

Taking Responsibility

The action of acknowledging and accepting the choices one has made, the actions one has taken, and the results thereof.

Accountable

Accountable means being responsible or answerable for actions or decisions, both in terms of the processes followed and the outcomes achieved.

Liable

Legally responsible or obligated, often referring to the duty to compensate for harm or damage caused.