Discuss situations where an extensive business plan might not be helpful.
What will be an ideal response?
The benefits of having a business plan depend on the circumstances surrounding the startup. The following are situations where an extensive business plan may not be very helpful:For some startups, the environment is too turbulent for extensive planning to be beneficial. Entrepreneurs in new fields may find that there is too much uncertainty and too little good information to allow them to write a comprehensive plan. In this case, an entrepreneur's ability to adapt may be more important than a careful plan.Planning may pose a problem when the timing of the opportunity is a critical factor. Becoming operational as quickly as possible may have to take priority over in-depth planning.A business may be so constrained by a shortage of capital that planning is not an option.
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Based on the service-quality model, researchers have identified five determinants of service quality. List these determinants in order of importance
What will be an ideal response?
A revenue for which the service has been performed but that has not been recorded is a deferred revenue
Indicate whether the statement is true or false
A series of future cash flows is a(n) ____
A) future amount B) future earnings C) annuity D) earnings to be discounted E) insurance
Which of the following is used to analyze a firm's financial performance over different years?
A) time-series analysis B) break-even analysis C) gap analysis D) marginal analysis