Operational Business Process

Operational Business Process
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REVIEW QUESTIONS
1. List and describe the different types of potential audience for a firm’s business
plan.
2. Define (in the correct order that they appear) the seven major elements of a
business plan.
3. What are the main differences between a strategic plan and a business plan?
4. ‘The disadvantages of preparing a business plan outweigh the advantages.’
Do you agree with this statement? Explain your reasons.
5. Outline and briefly describe (in the correct sequence) the eight steps involved
in the business-planning process.