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Which is a major part of enterprise planning in work?

Answer and explanation

Correct answer: Estimating customer needs, costs, resources and risks

Enterprise planning includes assessing customer needs, estimating costs, identifying available resources, and analysing possible risks. This helps an entrepreneur make informed decisions and reduce the chances of loss. Hiding expenses is not planning; a sound plan requires a clear estimate of income and expenditure. Exam tip: Remember the key elements of enterprise planning—demand, cost, resources and risk.

Related tags

Enterprise PlanningEntrepreneurshipBusiness PlanningCost EstimationCustomer NeedsRisk AssessmentWorkCareers And LivelihoodWork Careers And Livelihood

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