Read each question carefully and answer the questions in approximately 150 to 175words. You need to ensure that you give clear answers with examples and reference any websites or resources you access to research your answers. The question bank is divided into sections that relate to the unit of competency, the different elements of competency and required knowledge. You must answer each question correctly. The following questions and assessment tasks establish your underpinning knowledge in this unit of competency When you are developing a business plan you must be able to  Review and evaluate pre-existing strategic, business and operational plan, if available  Analyse and interpret business vision, mission , values and objectives  Consult with key stakeholders  Review market requirements for the product or service  Develop performance objectives and measures  Identify financial, human and physical resources  Consider any permits or license that may be required for new activity