Course Solutions Uncategorized (Answered) : Which problems managers could possibly face during the creation of business plan. Why? Give examples. Answers in comprehensive.

(Answered) : Which problems managers could possibly face during the creation of business plan. Why? Give examples. Answers in comprehensive.

June 27, 2024June 27, 2024| adminadmin| 0 Comment| 7:37 pm
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Which problems managers could possibly face during the creation of business plan. Why? Give examples.
Answers in comprehensive.

Expert Answer

There are different sections of the business plan and a manager can face different problems while creating a business plan.
The first problem is the identification of the right mix of the product and services to be offered to the target audience. It will be based upon the demand among the target audience and it is difficult to ascertain the demand. Hence, it poses the difficulty to the managers.
The second problem is the uncertainty in forecasting of demand. It is dependent

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