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Indicate which of the following statements are true or false by placing a tick (✓) in the correct box - Junior Cycle Business Studies - Question 13 - 2023

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Indicate which of the following statements are true or false by placing a tick (✓) in the correct box. A Business Plan should include the aims and objectives of the... show full transcript

Worked Solution & Example Answer:Indicate which of the following statements are true or false by placing a tick (✓) in the correct box - Junior Cycle Business Studies - Question 13 - 2023

Step 1

A Business Plan should include the aims and objectives of the company.

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Answer

True. A Business Plan is essential for outlining the aims and objectives of the company. It provides direction and helps in planning future strategies.

Step 2

The government requires all companies to produce a Business Plan.

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104 rated

Answer

False. While having a Business Plan is beneficial and often required for securing funding, it is not a legal requirement for all companies to produce one.

Step 3

A Business Plan should include details of the company’s competitors.

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101 rated

Answer

True. Including details of competitors in a Business Plan is important for understanding the market landscape and formulating effective strategies.

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