about Business plans What is Business Plan? Definition: “A written document describing the nature of the business‚ the sales and marketing strategy‚ and the financial background‚ and containing a projected profit and loss statement” (Small Business Encyclopedia) Business Plan is a document that describes what you intend to do in future concerning development and promotion of your business and how you plan to do it. So business plans are inherently strategic. In few words‚ a Business plan conveys
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Small Business Development 2011 Examples of Written Exam Questions Small Business Position a. Explain the difference between “the refugee effect” and “the entrepreneurial effect”. (article Thurik‚ Carree‚ van Stel and Audretsch: Does Self-Employment Reduce Unemployment?) b. What is the main link between the article of Nooteboom (1994) and the article of Cohen and Klepper (1992)? Ground your opinion. c. Brock and Evans (1989) report that Economists have told several stories about why small businesses
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EXAM MRK 2015 Managing Business Relationships (7‚5 credits) Tuesday Desember 7th 2010 kl. 09.00 - 13.00 Lecturer: Tina Bjørnevik Aune Examination results: 29.12.2010 The exam includes 4 questions and 3 pages (including the front page). Examination support: Dictionary. Exam Guidelines: If necessary‚ make assumptions to
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Ethical Dilemma: Two or more values you hold dear‚ or Personal value conflicts with organizational value Prescriptive (Normative) Principles→Focus on consequences (teleological ethics): Practical and already underlines business thinking. But difficult to evaluate all consequences‚ right of minorities can be sacrificed./Focus on duties‚ obligations‚ principles (deontological ethics): The means matter more than the ends‚ Decisions based on abstract universal principles such as honesty‚ fairness‚ rights
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Business Writing Portfolio Georgina E. Inzunza COM/285 1 July‚ 2010 Mary Beth Hartleb Business Writing Portfolio Part I: Business Writing Steps: In considering addressing changes within a retail store operations to three sets of stakeholders of a retail clothing chain‚ specific preparations must be attained. First‚ one must draft a business letter addressed to the store managers‚ a business memo addressed to the store employees‚ and an Electronic Mail or e-mail addressed
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Writing a Successful Business Plan PURPOSE OF A BUSINESS PLAN ELEMENTS OF A SUCCESSFUL BUSINESS PLAN TWELVE STEPS TO A SUCCESSFUL BUSINESS PLAN Stephen Lawrence and Frank Moyes Deming Center for Entrepreneurship College of Business and Administration University of Colorado at Boulder Copyright © 2001 by the Regents of the University of Colorado Page 1 Purpose of a Business Plan A business plan has three primary functions: 1. To serve as an Action Plan 2. To serve as a Road Map 3.
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Compare and Contrast This type of writing allows the writer to point out similarities and differences about topics‚ subjects or objects. Compare means to identify how your topics are alike or similar. You state what they have in common. On the other hand‚ contrast means to identify what is different about your your topic. When contrasting‚ you state what makes the topic‚ subject or object unique or one of a kind. In writing to compare and contrast‚ you include both the similarities and the
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Business Memo to the public Date: July 14‚ 2010 To: Our Customers From: John Q Smith Subject: Change in business hours at X clothing store Due to the current struggling economy we will be changing our business hours in an attempt to save money on store operations and allow our employees to work fewer days per week in an effort to save on gas. Our stores will now be closed on Sundays. Monday through Saturday‚ our stores will open one hour later and close one hour earlier. I understand
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CARIBBEAN EXAMINATIONS COUNCIL Caribbean Secondary Education Certificate CSEC ® PRINCIPLES OF BUSINESS SYLLABUS Effective for examinations from May/June 2008 Including 2009 amendments CXC 08/G/SYLL 06 Published by the Caribbean Examinations Council. All rights reserved. No part of this publication may be reproduced‚ stored in a retrieval system‚ or transmitted in any form‚ or by any means electronic‚ photocopying‚ recording or otherwise without prior permission of the author
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Business Writing Test 1 Review • Definition of Communication – the transmission of information and meaning from one person or group to another • Communication Process o Encoding – converting the idea of a sender into words or gestures that convey meaning o Channel – The medium through which a message is transmitted (computer‚ telephone
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