The part of the business plan that you would use to break down how many staff you need in order to make a specific amount of product and sell it for a profit is typically the sales strategy. In this section, you can analyze staffing needs based on production requirements, sales forecasts, and operational efficiency to achieve your financial goals.
10.
Which part of the business plan would you use to really break down how many staff you need in order to make a specific amount of product and sell it for a profit?
sales strategy
market analysis
executive summary
request for funding
7 answers
11.
Google originated as a research project between two PhD students at Stanford.
True
False
Google originated as a research project between two PhD students at Stanford.
True
False
True. Google originated as a research project between Larry Page and Sergey Brin, who were PhD students at Stanford University.
12.
There’s been a minor scandal at your company, with one of your high-level employees being accused of fraud and embezzlement. Which team would provide an employee who would handle the media investigation into the event?
human resources
management
production
marketing
There’s been a minor scandal at your company, with one of your high-level employees being accused of fraud and embezzlement. Which team would provide an employee who would handle the media investigation into the event?
human resources
management
production
marketing
The team that would provide an employee to handle the media investigation into the event would typically be management. Specifically, management may designate a communications or public relations person to address media inquiries and manage the situation. However, human resources may also play a role in handling internal matters related to the employee's conduct.
13.
Ellen wants to start a business selling custom t-shirts with her friend Elias, but she is worried about her liability if the business fails and wants to only be responsible for losses proportional to her modest investment. What kind of business would meet Ellen’s needs?
sole proprietorship
general partnership
limited partnership
non-profit corporation
Ellen wants to start a business selling custom t-shirts with her friend Elias, but she is worried about her liability if the business fails and wants to only be responsible for losses proportional to her modest investment. What kind of business would meet Ellen’s needs?
sole proprietorship
general partnership
limited partnership
non-profit corporation
The kind of business that would meet Ellen's needs, allowing her to be responsible for losses proportional to her modest investment and limiting her liability, would be a limited partnership.
In a limited partnership, there are general partners who manage the business and are fully liable for its debts, and limited partners (like Ellen) who invest in the business but have limited liability up to the amount of their investment.