Planning Flashcards
1
Q
Why do business plan?
A
Businesses need short, medium and long term plans to know what needs to be done and to prepare the business for the future.
2
Q
What are short term plans?
A
Planning what needs to be done in 1 year.
3
Q
What are medium term plans?
A
Planning for 2 to 3 years and seeks to find more permanent solutions to shorten problems.
4
Q
What are long term plans?
A
Planning for 4 to 10 years. Try to achieve the medium term plans.
