Thursday, January 27, 2011

MGT602 GDB Idea Sol

Question/Description
Ahmed wants to purchase a departmental store from one of his family friends. Ahmed does not think he needs to write a business plan because it is a running business. Do you agree or disagree with his opinion? Why or why not?
 

Idea Solution:-

Business plan:-
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 of a new or a running business is called Business Plan.
 
I disagree with Ahmad’s opinion because:
Business Plan is essential for a running Business to keeping the business up-to-date, to introducing any new products or restructuring, to get started expenses and to keeping the long term business success.
 

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