Question: 3 . 2 Explain the rationale for preparing a business plan. ( 5 marks )

3.2 Explain the rationale for preparing a business plan. (5 marks)

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!

Q:

QUESTION 4 a) Give FIVE (5) reasons for preparing a business plan. (5 Marks) b) Business registration is compulsory for all entrepreneurs. There are four types of business entities available for...

Q:

Explain the rationale for preparing a business plan

Q:

A business plan is an important document used by the entrepreneur for various purposes. Explain what is the purpose of a business plan as well as outline the contents and explain what should contain...

Q:

subject: marketing innovation (MBA) - can provide self work experience to justify answers. thank you =) Provide answers in points with comprehensive explanation and example. 1. Discuss the...

Q:

TO WII business on in prossional way Introduction A business plan is a written document that describes your business, its objectives and strategies, the market you are targeting and your financial...

Q:

Introduction A business plan is a written document that describes your business, its objectives and strategies, the market you are targeting and your financial forecast. It is important to have a...

Q:

Introduction A business plan is a written document that describes your business, its objectives and strategies, the market you are targeting and your financial forecast. It is important to have a...

Q:

Introduction A business plan is a written document that describes your business, its objectives and strategies, the market you are targeting and your financial forecast. It is important to have a...

Q:

Introduction A business plan is a written document that describes your business, its objectives and strategies, the market you are targeting and your financial forecast. It is important to have a...

Q:

Introduction A business plan is a written document that describes your business, its objectives and strategies, the market you are targeting and your financial forecast. It is important to have a...

Q:

Return statistics for Visa stock, the S&P 500 and the risk-free asset, Treasury bills, are given below: A 1 Year 2 2015 3 2016 4 2017 5 2018 6 2019 7 2020 8 2021 9 2022 B C D Visa S&P 500 T-bill 0.06...

Q:

What song best represents your experience in this class? State why by providing a description of the song or a few lyrics of the song.represents your experience in this class? State why by

Q:

70. Calculating a Balloon Payment (LO2) You have just arranged for a $1,800,000 mortgage to finance the purchase of a large tract of land. The mortgage has a 7.8 percent APR (semiannual), and it...

Q:

The annual demand for an item is 1,700 units. The order cost is $7. Unit cost is $8 and the unit holding cost per year is 18% of the item's value. The order quantity is 125 units. What are the total...