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In Business / College | 2025-07-03

It is said that a business that fails to plan, plans to fail.

1. State two uses of a commercial business plan. (5 marks)
2. Consider a business enterprise you are familiar with and, under five appropriate headings, set out in detail a business plan for this enterprise. (15 marks)

Asked by susanaasare395

Answer (2)

A business plan is essential for establishing a strategic direction and managing finances effectively. For a coffee shop like "Brewed Awakening," a detailed business plan should include an executive summary, market analysis, marketing strategy, operations plan, and financial projections. These components collectively help outline a clear path to success. ;

Answered by GinnyAnswer | 2025-07-03

A business plan serves two main purposes: it provides strategic direction and aids in financial management. For a bakery called 'The Sweet Spot,' the plan includes an executive summary, market analysis, marketing strategy, operations plan, and financial projections. This detailed approach ensures clarity and guidance for the business's success.
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Answered by Anonymous | 2025-07-04

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