The candidate must be able to demonstrate knowledge to complete the tasks outlined in the elements, performance criteria and foundation skills of this unit, including knowledge of:

K$.$E$.1\mathrm{.}0$ organisational and legislative frameworks required for the development of business plans, including:

$$ pre$-$existing strategic, business and operational plans

$$ business vision, mission, values and objectives

$$ permits or licences that may be required for new activity

K$.$E$.2\mathrm{.}0$ processes for developing and monitoring business plans

K$.$E$.3\mathrm{.}0$ customer needs and budgeting information

K$.$E$.4\mathrm{.}0$ performance objectives and measures, including key results indicators

K$.$E$.5\mathrm{.}0$ stakeholders involved in the development of business plans.

Question $1$

Provide Australian mandatory standards and frameworks required for the development of business plans.