Answered: List elements of business planning

Principles Of Marketing

17th Edition

ISBN:9780134492513

Author:Kotler, Philip, Armstrong, Gary (gary M.)

Publisher:Kotler, Philip, Armstrong, Gary (gary M.)

Chapter1: Marketing: Creating Customer Value And Engagement

Section: Chapter Questions

Problem 1.1DQ

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List elements of business planning

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Introduction

Management is an activity that includes all the strategies of the organization to achieve the targets by coordinating all the efforts of the employees and staff of the firm. It includes the task of transforming all the required material into the production or manufacturing process to attain the set goals or objectives.

A business plan can be referred to as a blueprint of a business. The details regarding the core operations of the business and the central objectives are written down in the business plan. Strategies to achieve those goals and the time-frame in which those goals are expected to be achieved are mentioned.

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