Which statement best describes a business plan? It includes ads for hiring expected new employees. It details an agreement between competitors. It outlines the financial objectives of a firm. It transfers the ownership of a firm to another person.
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Which statement best describes a business plan?
- It includes ads for hiring expected new employees.
- It details an agreement between competitors.
- It outlines the financial objectives of a firm.
- It transfers the ownership of a firm to another person.
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- Why does a company needs financial objectives? A) to convince shareholders that top management is acting in their interests. B) because without adequate profitability and financial strength, the company's ultimate survival is jeopardized. C) to indicate to employees that financial objectives always take precedence over strategic objectives. D) to translate the company's business model into action items. E) to overtake key competitors on such important measures as net profit margins and return on investment._____________ is a written narrative that describes the intentions of a new business and how it plans to accomplish its goals. An assessment of the overall appeal of the business offering when launching a new business venture would fall under ___________.Business plan preparation takes a lot of time, research and commitment. For this reason: a. business plans are only needed when entrepreneurs are seeking funding and financial support. b. if you have a small business working from home, there is no need for a business plan. c. no matter the size of your venture, all new businesses should create a business plan. d. only high-growth ventures need to create a business plan.
- Content marketing can be a very hectic mess unless you organize it into clear businessprocesses. Consider the following process: The content writer takes up & finishes the first draft of an article. Includesdescriptions of any custom images that are to be used in the articleThe marketer gathers influencer contact information, to be used for advertisingand marketing once the article is doneThe editor proof-reads the article, makes points on grammar, style, spelling, etc.The designer creates custom images as asked, sending them over to the contentwriterThe writer takes the comments into consideration, fixes any mistakes, and addsthe images to the articleThe SEO expert makes sure that the article meets the right optimization bestpractices & publishes the articleThe marketer uses a combination of advertising & email outreach to make surethat the article is read.Note: Construct the business process diagram and apply the flowcharting process.You have just become a consultant for a major beverage manufacturer and have joined their team. Be sure that your strategy for marketing includes a discussion and explanation of the actions that may be taken to increase the company's online exposure, and that this information is included in the plan. Before going live, you should make sure that each page has undergone rigorous testing.Assignment Description and Instructions: As a group of aspiring entrepreneurs, you must create a business plan for a service-oriented business in the tourism industry in any Caribbean country (not an existing business/company). Key Elements of the Business Plan Marketing Strategy (13 marks) This section describes the company’s target market and its characteristics. Demographic characteristics of target customers. Number of potential customers. Customer needs, wants and habits. Advertising and promotion Media used Media costs Frequency of usage Plans for generating publicity. Pricing Cost structure Fixed Variable Comparison against competitors’ prices Distribution strategy Channels of distribution used.
- Which of the following statements about corporate purpose is not true? -In an extensive survey of CEOs 95% percent of respondents cited the core problem they endeavor to solve -In their corporate literature firms need to identify the primary beneficiaries of the organization's work -Companies needs to ensure the purpose statement is balanced -Developing a powerful purpose statement establishes what is unique and non-replicable about a company and provides competitive advantage - b and "d"Which of the following statements is INCORRECT? a. Strategy innovation is a process of applying innovative thinking to the entire business model of a company, not just to its products or inventions. b. Innovation is just about opening up new markets. c. Strategy innovation is shifting a corporation’s business strategy in order to create new value for both the customer and the corporation. d. Strategy innovation involves changing the rules of how customers receive value and having a business model that delivers that value better than the competition. Which of the following statements are correct? I. In order for intellectual property to be properly managed and used to create a competitive advantage, top level management must be involved. II. The use of patents to enjoy a short-term technological lead is the best-known way to create competitive advantage with IP rights. III. Patents do not expire after application. IV. IPRs help to protect brand names. a.…Content marketing can be a very hectic mess unless you organize it into clear business processes. Consider the following process:The content writer takes up & finishes the first draft of an article. Includes descriptions of any custom images that are to be used in the articleThe marketer gathers influencer contact information, to be used for advertising and marketing once the article is doneThe editor proof-reads the article, makes points on grammar, style, spelling, etc.The designer creates custom images as asked, sending them over to the content writerThe writer takes the comments into consideration, fixes any mistakes, and adds the images to the articleThe SEO expert makes sure that the article meets the right optimization best- practices & publishes the articleThe marketer uses a combination of advertising & email outreach to make sure that the article is read.Activity: Construct the business process diagram and apply the flowcharting process discussed. Note: Organize…
- Content marketing can be a very hectic mess unless you organize it into clear business processes. Consider the following process:The content writer takes up & finishes the first draft of an article. Includes descriptions of any custom images that are to be used in the articleThe marketer gathers influencer contact information, to be used for advertising and marketing once the article is doneThe editor proof-reads the article, makes points on grammar, style, spelling, etc.The designer creates custom images as asked, sending them over to the content writerThe writer takes the comments into consideration, fixes any mistakes, and adds the images to the articleThe SEO expert makes sure that the article meets the right optimization best- practices & publishes the articleThe marketer uses a combination of advertising & email outreach to make sure that the article is read.Activity: Construct the business process diagram and apply the flowcharting process discussed.Content marketing can be very hectic mess unless you organize it into clear business process. Consider the following process: The content writer takes up and finishes the first draft of an article. Includes descriptions of any custom images that are to be used in the article. The marketer gathers influencer contact information, to be used for advertising and marketing once the article is done. The editor proof-reads the article , makes points on grammar, style, spelling etc. The designer creates custom images as asked, sending them over to the content writer. The writer takes the comments into consideration, fixes any mistakes, and adds the images to the article. The SEO expert makes sure that the article meets the right optimization best-practices and publishes the article. The marketer uses a combination of advertising and email outreach to make sure that the article is read. Construct the business diagram and apply flowcharting process.Which of the following is an incorrect statement describing Whistle blowing? a. None of the options describes whistle blowing b. Holding an extra ordinary general meeting to discuss the diversification plans c. Discussing the reasons for low profitability in the annual general meeting d. Holding a press conference to announce a new product