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- 1. Multiple ChoiceThe part of the business plan that includes supporting documents that provide additional information and backs up statements made in the body of the report.Concluding StatementExecutive SummaryAppendixIntroduction
- 2. Multiple ChoiceA business plan is a written document that describes all the steps necessary for opening and operating a successful business.TrueFalse
- 3. Multiple ChoiceThis section of your business plan will summarize the goals and objectives you have for your business.Executive SummaryStatement of PurposeAppendixConcluding Statement
- 4. Multiple ChoiceThis section of your business plan should describe the products and/or services you will offer, the market, the industry, and your locationOperationsMarketingStatement of PurposeAppendix
- 5. Multiple ChoiceThis section of the business plan will help determine your financial needs.Financial ManagementOperationsMarketingIntroduction
- 6. Multiple ChoiceThis section of your business plan, will explain how the business will be managed on a day-to-day basis.MarketingStatement of PurposeAppendixOperations
- 7. Multiple ChoiceThe part of the business plan that includes supporting documents that provide additional information and backs up statements made in the body of the report.Cover LetterExecutive SummaryAppendixStatement of Purpose
- 8. Multiple ChoiceA business plan is NOT intended forYour competitionPotential investorsYour bankNone of the above
- 9. Multiple ChoiceThe purpose of a business plan includes which of the following?it explains your idea for a product or serviceit sets specific objectives and describes how they will be achievedit describes the backgrounds and experiences people who will run the businessall answers are correct
- 10. Multiple ChoiceA business plan is important for a new business for all of the following reasons EXCEPTit makes you think about all aspects of your businessit can help you communicate your ideas to othersit guarantees you will get financing for your businessit can serve as a tool for managing your business
- 11. Multiple ChoiceWhich of the following organizations can provide assistance when writing your business plan?bankchamber of commerceSmall Business Development Centerall answers are correct
- 12. Multiple ChoiceWriting a business planis a quick and easy processis quick but difficultrequires patience, research, thought, and timenone of the above
- 13. Multiple ChoiceIgnoring competition is a mistake you should avoid making when creating your business plan.TrueFalse
- 14. Multiple ChoiceIn a business plan, it is NOT important to describe the industry in which you will operateTrueFalse
- 15. Multiple ChoiceThe introduction, marketing, financial management, operations and concluding statement are found in the main body of a business plan.TrueFalse
- 16. Multiple ChoiceIt isn't necessary to include the location of your business in your business plan.TrueFalse
- 17. Multiple ChoiceMoney, equipment, trucks and factories are considered this type of resource?HumanNaturalCapitalEntrepreneurial
- 18. Multiple ChoiceThe person who had the idea to start a business or develop a product is considered to be this type of resource?HumanNaturalCapitalEntrepreneurial
- 19. Multiple ChoiceIf there is only one seller of a certain good and everyone has to buy from this seller, this is calledOligopolyMonopoly
- 20. Multiple ChoiceSWOT analysis stands forSales, Workers, Online orders, transportationStrengths, Weaknesses, Opportunities and Threats
- 21. Multiple ChoiceWhat you are selling is called?ProductPricePlacePromotion
- 22. Multiple ChoiceThe actual cost of the product or service you are selling?ProductPricePlacePromotion
- 23. Multiple ChoiceThe business activity involved in advertising, selling and delivery of products and services to the consumer.BudgetingMarketingFinanceManagement
- 24. Multiple ChoiceThe 4 P's of Marketing are?Products, Price, Place and PromotionPeople, Products, Publicity, Planes
- 25. Multiple ChoiceThe activities a business uses to get consumers to buy their products or services.ProductPromotionPlacePrice
- 26. Multiple ChoiceThe pay an employee receives for their job or career.BenefitTaxesRetirementSalary
- 27. Multiple ChoiceExtra incentives given to employees to keep them from working at another business.SalaryBenefitsResumeInterview
- Answer choicesTagsAnswer choicesTags