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2 years ago

How important is a business plan?

Business

2 answers:

zubka84 [21]2 years ago

8 0

Answer: Hewo, There! your Answer is Below

A business plan is a very important and strategic tool for entrepreneurs.

the purpose of a business plan is to help articulate a strategy for starting your business.

Explanation:

Hope this Helps you!!

Have a great day!!

A good business plan not only helps entrepreneurs focus on the specific steps necessary for them to make business ideas succeed

Agata [3.3K]2 years ago

5 0

Answer:

Hey mate.....

Explanation:

This is ur answer.....

Whether you're starting a small business or exploring ways to expand an existing one, a business plan is an important tool to help guide your decisions. Think of it as a roadmap to success, providing greater clarity on all aspects of your business, from marketing and finance to operations and product/service details.

Hope it helps!

Brainliest pls!

Follow me! ;)

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Delivering bad news within an organization might involve sharing bad news with your boss or another employee in person or in wri

Alinara [238K]

Answer:

b. prepare and rehearse

Explanation:

In order to be tactful and professional when personally delivering bad news within organizations, you should prepare and rehearse. Before delivering bad news you need to make sure you have gathered all the information from both sides of the story in order to deliver the news tactfully and professionally. Once you have all the information, rehearsing your delivery will allow you to perfect it and implement a more empathetic approach. Taking a partner is also a good choice, as well as waiting for the right moment.

7 0

3 years ago

You will receive $5,000 a year in real terms for the next 5 years. Each payment will be received at the end of the period with t

photoshop1234 [79]

Answer:

$20,229.5

Explanation:

Given:

Amount to be received = $5,000

Time period, n = 5 years

nominal discount rate = 10.725%

inflation rate = 3 percent

Now,

Using the Fischer's relation, we have

1 + Nominal rate = ( 1 + Real rate ) × ( 1 + Inflation )

on substituting the values, we get

( 1 + 10.725% ) = ( 1 + Real rate ) × ( 1 + 3% )

1.10725 = ( 1 + Real rate ) × 1.03

( 1 + Real rate ) = 1.075

Real rate = 1.075 - 1 = 0.075 or 7.5%

Thus,

Present Value of an ordinary annuity that makes $5000 every year payment for 5 years will be calculates as:

Present value = Monthly payment × $[\frac{(1-(1+r^{-n})}{r}]$

Present value = $5000\times[\frac{1 - (1 + 0.075)^{-5}}{0.075}]$

Present value = 5000 × 4.0459

Present value = $20,229.5

3 0

3 years ago

Bamba Corporation's cost formula for its selling and administrative expense is $47,900 per month plus $52 per unit. For the mont

Oksanka [162]

I think it is D
Hope my answer help you

4 0

3 years ago

The phase of the Technology Product Development Cycle that describes key technology that has been integrated into many products

Serga [27]

I believe the correct answer from the choices listed above is option B. The phase of the Technology Product Development Cycle that describes key technology that has been integrated into many products is the mature phase. Hope this answers the question.

4 0

3 years ago

Read 2 more answers

The difference between the maximum price a consumer is willing to pay for a product and the actual price the consumer pays is ca

sineoko [7]

Answer:

The answer is consumer's surplus

Explanation:

Consumer's surplus is the difference between what the consumer or buyer is willing to pay and the amount he or she eventually paid.

For example, Mr A is willing to pay $100 for a product and the producer is willing to sell for $90. After much negotiation between mr A and the seller, he eventually paid $85. What he paid was lower than what he was willing to pay before.

So the consumer surplus is $100 - $85 = $15

3 0

3 years ago

How important is a business plan?​

How important is a business plan?