Business plans are developed for both internal and external purposes. The most commonexternal purpose for a business plan is to raise capital.a. State two (2) internal purpose of a business plan b. Explain two (2) business planning principles c. State and explain three (3) components of a business plan

Business plans are developed for both internal and external purposes. The most commonexternal purpose for a business plan is to raise capital.a. State two (2) internal purpose of a business plan b. Explain two (2) business planning principles c. State and explain three (3) components of a business plan

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

See similar textbooks

Similar questions

1. What is the main purpose of Strategic Risk Management? a. Assess risks to identify which to avoid b.Transfer all risk exposures of the company c.Develop the company’s risk profile d. Create and protect value for its stakeholders 2..Which of the following cannot be derived from analyzing Porter’s Five Forces? aPotential threats to a company’s value proposition b.Industry’s attractiveness or level of competition c.Trends in the market or industry d. None of the foregoing 3..What is likely to happen if many new businesses enter a market? a.Competitive rivalry will intensify b.Industry profits will increase c.Industry capacity will fall d.Barriers to entry will rise
05) How is business planning different in a large firm in comparison to business planning in a small company? 106) Why is it important for all business planning to be integrated? 107) Define strategic planning. Discuss the steps involved. 108) PaperBackSwap.com needs to conduct a SWOT analysis. Explain the purpose of a SWOT analysis.
a. Give 3 main strengths of coca cola company with brief explaination and example. b. Give 3 main weaknesses of coca cola company with brief explaination and example. c. Give 3 main opportunities of coca cola company with brief explaination and example. d. Give 3 main threats of coca cola company with brief explaination and example.
BUSINESS FINANCE 1. As a student, what practical benefits can you gain from learning business finance? 2. Can you give me person that you know who is very good in budgeting or in financial matters and kindly share to us his/her good practices. 3. What is the major role of the board of directors in an corporation? 4. What’s the differences between the VP MARKETING AND VP ADMINISTRATION? 5. What is the differences between wealth maximization and profit maximization? 6. Name one CEO and share his/her advocacies that you would like to evaluate and live by. 7. What was your personal experience regarding budgeting your own money? How did you overcome any difficulty? 8. What do you understand with the terms savings and investment?
Describe how a company's mission statement and objectives affect the way management plans it's business portfolio with an example
Determine the parts of Business Plan and explain each part.
write a business plan about a company following the steps below : 1. cover 2.table of contents 3.executive summary 4.business details 5.industry and market analysis 6.customers and value proposition 7.marketing strategy 8.operation plan 9.management team and company structure 10.resources 11.financing 12.financial projections 13.risk and strategic options 14.key milestones 15.appendices
1. he primary types of budgets include: A. Divisional, operational, and organizational B. Capital and operational C. Strategic, capital, and operational D. Zero-based, strategic, and capital 2. A company has: A. Internal and external customers B. External customers only C. Internal customers only D. None of these 3. ________ means customers believe they are getting a good deal for the price they've paid for a product. A. Value B. Achievement C. Dealing D. Quality
Identify the main assumptions made in the venture plan and how these will beverified/measured
1. Explain the basic principles of Financial Management. 2. Explain why raising capital for a new venture is a challenge for entrepreneurs. 3. Explain why some entrepreneurs resort to social bricolage.
1. How much is the Starting Capital/loan when doing a business plan for a coffee shop? (What are the breakdown of your capital, cost and expenses?) 2. Will partnership in business grow successfully when building a coffee shop?
After you have done a research , now you require to write a business plan of 2850 words , your team is now required to prepare a comprehensive business plan to start a business And you have different parties that you have to write : Registering your business ,Industry Analysis, Competitor Analysis , Target Customer, Marketing Plan, Operations and Development Plan , Management Team ,Exist Risks, Exit Strategy and Financial Plan then the Conclusion .