Businesses principles and marketing in LSE Entrepreneurship

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What are the main principles that I have to follow to develop my own business?

Theme: Businesses principles and marketing in LSE Entrepreneurship
Exercise: What are the main principles that I have to follow to develop my own business?
Developed by: Know and Can Association

Aim: To understand the benefits of business plan and standard operating system.

Learning outcomes:
  • Understanding a meaning of a standard operating procedure (SOP).
  • Understanding the benefits of applying a standard operating procedure set (SOP) to own business.
  • Understanding the benefits of development of a business plan
  • Understanding the importance of customer satisfaction when developing own business
Expected duration: 10 minutes

Description:
This exercise will help you to check your knowledge and better understand the main business principle and rules you have to follow in order to develop your own business.

Task: For each question, please select the answer that you think is correct.