“A business that fails to plan will plan to fail". Thus, a business plan is one of the essential documents that are required during set up a new business or scale up a current business. Q1 (а) (i) (ii) Explain TWO (2) uses of a commercial business plan. Describe in detail THREE (3) reasons why a business might fail.
“A business that fails to plan will plan to fail". Thus, a business plan is one of the essential documents that are required during set up a new business or scale up a current business. Q1 (а) (i) (ii) Explain TWO (2) uses of a commercial business plan. Describe in detail THREE (3) reasons why a business might fail.
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
Section: Chapter Questions
Problem 1CE
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![“A business that fails to plan will plan to fail". Thus, a business plan is one of the
essential documents that are required during set up a new business or scale up a
current business.
Q1
(а)
(i)
(ii)
Explain TWO (2) uses of a commercial business plan.
Describe in detail THREE (3) reasons why a business might fail.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fb50f0e73-a2fd-43f4-92c6-9b4b486f1ff4%2F55fd953a-fbff-4c80-a131-558133877e13%2F6t6vexs_processed.png&w=3840&q=75)
Transcribed Image Text:“A business that fails to plan will plan to fail". Thus, a business plan is one of the
essential documents that are required during set up a new business or scale up a
current business.
Q1
(а)
(i)
(ii)
Explain TWO (2) uses of a commercial business plan.
Describe in detail THREE (3) reasons why a business might fail.
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