Part II
. Fill in the blanks. Choose from the box the answer that corresponds to the paragraphs below. Write your
provided.
decisions
function
components
marketing
products
strategies
objectives
intentional
consequential
accountable
island
competition
consumer
disruptions
insights
Building a business plan allows you to determine the answer to some of the most critical business (1) ____ ahead of time.
Creating a robust business plan is a forcing (2) --you have to sit down and think about major (3) of your business
before you get started, like your (4) strategy and what (5) you'll sell. You answer many tough questions before they arise.
And thinking deeply about your core (6) can also help you understand how those decisions will impact your broader strategy
Without a business plan, (7) often become arbitrary, without much rhyme or reason behind them. Having a business
plan can help make those benchmarks more (8) and (9)
They can also help keep you (10) to your long-
term vision and strategy, and gain insights into how your strategy is (or isn't) coming together over time.
No business is an (11)
and while you might have a strong handle on everything happening under your own roof,
it's equally important to understand the market terrain as well
. Writing a business plan can go a long way in helping you better understand
your (12) and the market you're operating in more broadly, illuminate (13) trends and preferences, potential (14)
and other (15) that aren't always plainly visible.
Answer:
1.
2.
3.
4.
5.
12.
13.
10.
15
Part III. True or False. Write Til the statement is true the same as before each number​