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 (B)</p> Signup and view all the answers

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