Management Activities-Planning

Planning is the setting down of specific _________ and ________.

• Products and services

• Goals and Objectives

• Finance and Control

Planning provides a business with ____________ and ___________.

• Loans and Mortgages

• Consumers and Competitiors

• Purpose and Direction

Planning is important to a business because it ...

• Helps raise finance

• Provides competition

• Reduces uncertainty

• improves control

Plans are essentially for the future success of any business.

• I agree

• I disagree

The letters SWOT stand for...

Strengths are ............ attributes to a business

• internal

• external

Threats are .............. factors influencing a business

• internal

• external

Weakness are ............ atrributes of a business

• internal

• external

Opportunities are ............. factors influencing a business

• internal

• external

A strategic plan is a .......... .......... plan

• short term

• long term