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Questions and Answers
Define business studies and explain the various elements it encompasses.
Business studies is a field of study that focuses on the principles of business, management, and economics. It combines elements of accountancy, finance, marketing, organizational studies, human resource management, and operations.
What is the purpose of teaching business studies?
The purpose of teaching business studies is to provide students with a general overview of the various elements involved in running a business.
Name three countries where business studies is taught under the name 'business studies'
Three countries where business studies is taught under the name 'business studies' are Mauritius, Oman, and South Korea.
In which country is business studies taught as part of the General Certificate of Secondary Education (GCSE)?
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List three topics covered in business studies.
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What is the importance of strategic planning for organizations?
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How often do larger organizations typically engage in strategic planning?
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What percentage of businesses plan more than a year out?
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Who said 'Plans are worthless, but planning is everything.'?
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According to John Kotter, how should strategy be viewed?
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