Business Opportunities and Functions Flashcards
1
Q
Business Plans - Advantages
A
-Minimize Risk
-Setting Goals
-Attract Investors
-Secure Loans
2
Q
Business Plans - Disadvantages
A
-Potential Inaccuracies
-Waste time and resources
-Makes a company unready for change
3
Q
Business Plan - Def
A
A document that provides a detailed description of the businesses strategy, aims, objectives, marketing and financial plans.
4
Q
Market - Def
A
A place
