Question: Define the Following Key Terms and Concepts and Answer the Following Questions. Action Plan, Business Model, Business Plan, Goal, Long-Term Goals, Mission Statement, Operating Plan,

Define the Following Key Terms and Concepts and Answer the Following Questions. Action Plan, Business Model, Business Plan, Goal, Long-Term Goals, Mission Statement, Operating Plan, Operational Goals, Short-Term Goals, Strategic Goals, Strategic Planning, Tactical Goals, Tactical Planning and Vision Statement. 1. What are planning, strategy and strategic management? 2. Why are they important? 3. What is the difference between a mission and a vision, a mission statement and a vision statement

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