Paper 2 · Business Planning
Once a business plan has been implemented, the essential final stage is to
Amonitor performance against the plan and revise it
Bfile the plan away until the business is sold
Cdistribute the plan to competing enterprises
Dconvert the plan into a legal contract with the bank
Explanation: A plan is a control document as well as a proposal. Comparing actual sales, costs and cash against the forecast shows where the venture is off course while there is still time to act, and the plan is then updated to reflect what has been learned.
Derived from ZIMSEC Business Enterprise Skills Paper 2, Specimen Paper, Q1