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
Question 13
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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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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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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