Describe the purposes served by a business plan
What will be an ideal response?
The business plan serves to identify the nature of the business, both by outlining the operational and financial objectives over a specific period of time and by detailing how the business plans to accomplish those objectives. The business plan will help a company use its resources efficiently and effectively. It also serves as a guide to decisions in the near future. The audience for a business plan includes potential investors and stakeholders. Managers use the business plan as a guide to their responsibilities in each area of the company.
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Which of the following is included in the cost of constructing a building?
a. cost of paving the parking lot b. cost of removing the demolished building existing on the land when it was purchased c. insurance costs during construction d. cost of repairing vandalism damage during construction
If a retailer's average monthly sales are $253,000, what would its average monthly sales index equal?
a. .25 b. 100 c. 253 d. The answer cannot be determined from the information provided.
__________refers to the follow-up activities that a service firm might engage in after a customer transaction
Fill in the blanks with correct word.
Tyler likes to motivate his sales team with prizes. At the end of each quarter, he brings the highest producer to the front of the office and takes some time to shine the spotlight on that employee. Ashley is the only one on his team who has never won the award. Instead, she slows down at the end of each quarter consistently. Even though she had been leading the group most of the quarter. After great thought about Ashley’s quiet nature, Tyler realized that Ashley did not like to have the attention placed on her in a public forum. He then adjusted how he motivates by adding quiet accolades to his approach. This is an example of understanding
a. Self-concept b. Self-efficacy c. Self-esteem d. Individual differences