Author Question: What is a business plan? What are its components? Why is it so ... (Read 83 times)

crobinson2013 · **on:** Jul 14, 2018

What is a business plan? What are its components? Why is it so important?

Question 2

Frank is a U.S. Marine platoon sergeant. His job is to manage and supervise the commanding officer of his platoon who will, in turn, lead the unit that engages directly with the enemy during war. Given this information, which of the following is true of Frank's role according to the management hierarchy?
A) Frank is a first-line manager.
B) Frank is a middle-level manager.
C) Frank is a top manager.
D) Frank is a temporary manager.

micaelaswann · **Reply #1 on:** Jul 14, 2018

Answer to Question 1

A business plan is a carefully constructed guide for someone starting a business. It is a communication tool often presented to potential investors. It is a management tool that can help an owner and/or manager keep track of, monitor, and evaluate progress. It is also a planning tool that can help guide the business owner through various phases of the business.

Answer to Question 2

B