All categories

3 years ago

"creates a path to follow" which goal-setting step is described by this sentence?

Business

2 answers:

KiRa [710]3 years ago

7 0

The answer is: Set a timeline

In goal setting step, setting a timeline refers to the act of creating time urgency that can be used to measured when things needed to be done. (for self evaluation purpose)

Creating a path to follow means creating step by steps plan, complete time table, and checkpoints that you can follow to bring you closer to your end goal.

kakasveta [241]3 years ago

5 0

Set a timeline
A time can be seen as a course of events, by making a course of events for your objective you move it into the present and increment your sense of duty regarding accomplish your objective. A timetable is a show of a rundown of occasions in sequential manner. It is commonly a visual communication demonstrating a long bar named with dates close by itself and normally occasions.

You might be interested in

This is 1 question do not delete, mods. how am I supposed to separate a connect the lines thing without knowing the answers

raketka [301]

Answer:

Executive Summary - 2.

Products and Service - 3.

Market Analysis - 8.

Competitive Analysis - 5.

Goals and Strategy - 1.

Funding Request - 4.

Marketing and Sales - 6.

Organization - 9.

Financial Analysis - 7.

To successfully identify which information belongs to a specific business plan part, knowing the aim and order of each part is essential. You should realize how each part fits in the bigger picture.

Executive Summary - This is usually the beginning part of each business plan. Its deliverable is similar to the deliverable of the elevator pitch, or pitch in general. It should give key information on your company: mission statement, briefly highlight the financials and shortly describe the business operating. It should briefly tackle the problem at hand and just introduce the eventual solution.

Products and Service - It is always needed to explain your existing or planned product or service line, highlighting the benefits and key characteristics of your goods/services. A key component of this part is the suppliers' part, as it should be noted how many financial resources should be allocated to suppliers for materials and other prerequisites.

Essential information regarding products can vary. Some may require a special note on copyright laws, trademarks, or relevant policies in general.

Market Analysis - This is the part describing your comparison of several markets, the choice describing why you opted for that one, and the consumer characteristics in that particular market.

Here you need to utilize the needed statistics, carefully describing the size and potential of a market. Special attention needs to be given to consumer habits, purchasing power and relevant info telling us why that particular customer segment would opt for our goods/services.

Competitive Analysis - Since every industry or area of business operating has direct and indirect competitors (unless we're making a business plan for a monopoly, which is unlikely), it is essential to tackle their strengths and weaknesses.

Here you need to put info regarding your competitor's business operating, how it gains its competitive advantage (if applicable) and which particular characteristic makes the competitor's customers opt for that business in the first place (unique selling proposition).

Goals and Strategy - This part refers to the concrete recommendations you, as a business consultant, have for the company, given the identified problems and issues.

This should be a real, defined action plan that makes you differ from your competitors, giving you the opportunity to get a competitive advantage. The strategies and tactics included can differ industry-wise and are often related to a specific area of business operating where the company faces critical problems.

Funding Request - Mainly placed on the end or separated from the core of the business plan, the funding request is key when creating startups. This part should put out how many financial resources to put your business on track and how you plan to use them. A funding request should be created to approach investors and banks.

Sometimes, a funding request is used in a broader sense than the business plan, as in that case, the request needs to have a part of the business plan attached, next to the key info (funds needed to start the company).

Marketing and Sales - Once you have conducted the analyses and made the recommendations, an adequate sales and marketing plan should follow. This is extremely important if a key constituent of your strategy is the placement of a new product.

This part should include all things related to the marketing mix: advertising plan, distribution channels, promotion and PR activities... Also, a marketing budget should be carefully allocated and elaborated.

When it comes to sales, you should include the sales strategy and sales target/projection.

Organization - Usually placed at the beginning of the business plan, the organization part should describe the structure and the level of departmentalization in the company. It often includes a diagram visually representing the divisions in your company. Also, it should be described which obligations and duties fall under each department.

Financial Analysis - Often placed at the end of a business plan, this part is critical to the overall effect and integration of the business plan. It includes the financial history and financial success of your company (reports on revenue, EBIT, profit, loss, ROI...), as well as the projections that relate to what will happen after you implement the strategies elaborated in the Goals and Strategy part.

5 0

3 years ago

Bill explains that men and women approach many tasks in different ways. He explains that while their approaches are different, m

yulyashka [42]

Answer:

C. respect

Explanation:

because he is respectful i met him

8 0

3 years ago

A property is being appraised using the income capitalization approach. Annually, it has an estimated gross income of $48,000, v

lions [1.4K]

Answer:

$368,000

Explanation:

In order to appraise the property using the capitalization approach, we must first determine a net cash flow:

net cash flow = $48,000 - $3,600 - $15,000 = $29,400

Now we calculate the property value using the perpetuity formula:

property value = net cash flow / capitalization rate = $29,400 / 8% = $367,500 which we must round up to $368,000

A property is being appraised using the income capitalization approach. Annually, it has an estimated gross income of $48,000, vacancy and credit losses of $3,600, and operating expenses of $15,000. Using a capitalization rate of 8%, what is the property's value (rounded up to the nearest $1,000)?

4 0

3 years ago

Green Manufacturing Company produces a product that has a variable cost of $30 per unit. Fixed costs amount to $240,000. The sel

Lelu [443]

Answer:

The contribution margin per unit is $6.

Explanation:

Contribution margin is calculated by deducting all variable costs from the price of the product. It is used to calculate the products direct contribution in the earnings.

Price of product = $36 per unit

Cost of product = $30 per unit

Contribution margin = Price - cost

Contribution margin = $36 - $30

Contribution margin = $6 per unit

6 0

3 years ago

For a/the ________, the/an ________ is an alternative to expanding through the establishment of a new location, which avoids the

spayn [35]

Answer:

The correct answer is Franchisor, franchise.

Explanation:

The franchisor: Charges marketing rights so that the franchisor company can use its brand, trade name and the design of the franchisee's establishment. In most cases, these elements cannot be modified to maintain the same quality levels of the franchisor. In addition, know-how, business experience and technical and commercial assistance are also provided during the term of the agreement.

The franchisee: Is the owner of the business and who makes the necessary investments to start it up. Thus, you pay a fee to the franchisor to use your brand. Such a subscription is like a "right of entry" into the business. Even, periodic amounts may be established in the contract according to sales volume and / or technical and commercial assistance. In addition, the franchisee has the exclusive franchise regime with respect to a certain geographical area and a type of products.

7 0

3 years ago

Read 2 more answers