Strategic Planning for Small Businesses

To specify the daily operations and tasks of employees

To describe the fundamental nature and direction of the firm (correct)

To identify the target market and customer demographics

To outline the financial goals and objectives of the business

The process of setting financial goals and implementing marketing tactics

The process of hiring and training employees for long-term success

The process of analyzing the competition and adjusting business strategies

The process of determining objectives and taking action to achieve them (correct)

The financial projections and forecasts for the next fiscal year

The operational plans and procedures for day-to-day activities

The long-term goals and aspirations of the business

Specific performance targets that the entrepreneurship hopes to accomplish (correct)

<p>The development of a course of action</p> Signup and view all the answers

<p>To determine objectives and achieve them</p> Signup and view all the answers