Pam Andrews Has Decided to Write a Business Plan That

question 67

Multiple Choice

Pam Andrews has decided to write a business plan that is intended to be read primarily by her staff, which will present a blueprint for her company's entire operation and will provide guidance to operational managers. Pam should write an:

• A) operational business plan
• B) tactical business plan
• C) deliberate business plan
• D) summary business plan
• E) functional business plan

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Definitions:

Different Products

Varieties of goods and services that are distinct in quality, features, or branding, catering to diverse consumer needs.

Barter

A system of exchange where goods or services are traded directly for other goods or services without the use of money.

Supply Of Money

The total amount of monetary assets available in an economy at a specific time, which includes currency, coins, and balances held in checking and savings accounts.

Price System

The mechanism through which the prices of goods and services are established in a market economy, based on supply and demand.