Column 1 is a list of business terms - Leaving Cert Business - Question 10 - 2014
Question 10
Column 1 is a list of business terms. Column 2 is a list of possible explanations for these terms.
1. Strategic Plan
2. Mission Statement
3. Contingency Plan
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Worked Solution & Example Answer:Column 1 is a list of business terms - Leaving Cert Business - Question 10 - 2014
Step 1
1. Strategic Plan
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F. A long term plan providing a focus for the whole business.
Step 2
2. Mission Statement
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D. The overall business aim to be achieved over the life of the business.
Step 3
3. Contingency Plan
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E. A back-up plan to cover unexpected events.
Step 4
4. Tactical Plan
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C. A specific plan to be achieved in a relatively short term.
Step 5
5. Manpower Plan
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B. A plan to ensure the business has the right number of employees with the right skills at the right time.
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