Chapter 3 assessment develop a business plan answers

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Written document that describes all the steps necessary for opening and operating a successful business. Describing how you came up with the idea for your business can help others understand how your business will operate. A nonprofit association made up of working and retired business professionals who volunteer their time to provide small businesses and entrepreneurs with free real-world advice and know-how. An independent agency of the federal government that was crated to provide support to entrepreneurs and small businesses. Played 0 times.
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NCERT Solutions for Class 12 Business Studies Chapter 2 Principles of Management

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Chapter 5 – Business Planning

Question 1. Both outgoing and empathetic, they tend to be well-liked, but they sometimes have a hard time asserting them self and holding others accountable. Question 2.
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Business planning is an important precursor to action in new ventures. By helping firm founders to make decisions, to balance resource supply and demand, and to turn abstract goals into concrete operational steps, business planning reduces the likelihood of venture disbanding and accelerates product development and venture organizing activity. We always plan too much and always think too little. We resent a call to thinking and hate unfamiliar argument that does not tally with what we already believe or would like to believe. Trying to predict the future is like trying to drive down a country road at night with no lights while looking out the back window.
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