leaving certt bus management activities

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

The letters SWOT stand for...

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

• internal

• external

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

• internal

• external

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

• internal

• external

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

• short term

• long term

A tactical plan is a ........... ........... plan.

• short term

• long term

Explain the term 'mission statement'.

A business must ensure that all plans are SMART. What does the letter 'S' stand for?

• Strategic

• Specific

• Strength

• Set