Business Planning Flashcards
1
Q
What is a business plan?
A
A formal statement of the business goals reasons why they are attainable and the plan for reaching the goals. This provides employers with a common ground to focus on
2
Q
What is a swot analysis?
A
It is a structure analysis of the market. It is used to analyse internal strengths and weaknesses and external threats and opportunities to exploit strengths and opportunities and mitigate weaknesses and threats.
