Q2_G12_BUSINESS SIMULATION

The process of collecting, understanding, and analyzing data to understand the market environment is called Market Segmentation.

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Strategic planning is a process in which an organization's leaders define their vision for the future and identify their organization's goals and objectives.

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Vision refers to the general statement of how an organization achieve a goal.

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The question "What is the geographic scope of the enterprise?" is an example Strategic Planning guide question?

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Goal/s refers to the declaration of the purpose the organization.

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A business plan lays out a written road map for the firm from marketing, financial, and operational standpoints.

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Product and Services section describes how the company will attract and keep its customer base and how it intends to reach the consumer.

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SWOT Analysis refers to Smart, Weakness, Opportunity, and Threats.

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Promotions refers to the amount of money charged for a product or cost of enjoying a service.

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Threats are undesirable occurrences in the market and disadvantages to the business.

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