Samenvatting Operations Management 8th edition, Nigel Slack Chapter 7 Questions and Answers 2023

1) The chapter takes the view that the self-examination required to develop a tight, well written business plan is more important than the plan itself. - -(True) -2) The business plan must establish that there is an opportunity worth exploiting and must detail how to take advantage of it. - -(True) -3) Business planning, in a literal sense, begins when you start to look for external funds. - -(False) -4) It's a common misperception that a business plan is primarily used for raising capital. - -(True) -5) Your business plan should be designed to be flexible, to allow for rapid adjustments as more information becomes available. - -(True) -6) Since the executive summary is the most important part of the finished plan, an entrepreneur should write that section first, in order to frame the rest of the plan. - -(False) -7) New ventures will have better chances for success in an emerging market, on the verge of rapid growth. - -(True)