Asked by Heather Marie on May 04, 2024
Verified
Small businesses usually create a single business plan that contains operating and strategic components.
Business Plan
A detailed document outlining the goals, strategies, financial projections, and operational framework for a new business or business expansion.
- Acquire knowledge about and pinpoint the different techniques in financial planning along with their applications.
- Examine the consequences of employing top-down versus bottom-up strategies in planning.
Verified Answer
MA
Marcela AlvaradoMay 08, 2024
Final Answer :
True
Explanation :
Small businesses typically create a single business plan that outlines both their day-to-day operations and their long-term strategic goals.
Learning Objectives
- Acquire knowledge about and pinpoint the different techniques in financial planning along with their applications.
- Examine the consequences of employing top-down versus bottom-up strategies in planning.