Business Plan
6 months ago
mohon_miah_04355
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  • Question 1
    30 seconds
    Q.

    What is a business plan?

    answer choices

    Written document that only outlines the business practices of the new business.

    Written document that describes the financial aspects of the business.

    Written document that only describes the ownership of the business.

    Written document that describes all the steps necessary for opening and operating a successful business.

  • Question 2
    30 seconds
    Q.

    Why do you need a business plan?

    answer choices

    To explain your idea

    the ability to get financing.

    it's a road map that sets objectives and goals for the business.

    To help reduce the risk of business failure.

    All of the above.

  • Question 3
    30 seconds
    Q.

    Complete the sentence: A business plan...

    answer choices

    is useful once your business is operational but not much help during the startup phase

    is not usually needed once the business is up and running

    can serve as a tool for helping a business during the startup phase and for managing your business once it is up and running.

  • Question 4
    30 seconds
    Q. Looks at likely risks to the business
    answer choices
    Contingency Plan
    Management Team Plan
    Marketing Plan
    Industry Overview
  • Question 5
    30 seconds
    Q. An analysis of the business’s advantage over its competitors
    answer choices
    Growth Plan
    Competitive Analysis
    Contingency Plan
    Market Analysis
  • Question 6
    30 seconds
    Q. A part of the business processes that result in the production and delivery of the product or service
    answer choices
    Competitive Analysis
    Company Description
    Operational Plan
    Organizational Plan
  • Question 7
    30 seconds
    Q. How a company will make customers aware of its products/services
    answer choices
    Marketing Plan
    Industry Overview
    Product and Service Plan
    Growth Plan
  • Question 8
    30 seconds
    Q. Looks at how the business will expand in the future
    answer choices
    Growth Plan
    Product and Service Plan
    Contingency Plan
    Company Description
  • Question 9
    30 seconds
    Q. A potential business owner’s qualifications and those of any partners
    answer choices
    Company Description
    Management Team Plan
    Growth Plan
    Executive Summary
  • Question 10
    30 seconds
    Q. A brief account of the key points contained in a business plan
    answer choices
    Executive Summary
    Company Description
    Mission Statement
    Vision Statement
  • Question 11
    30 seconds
    Q. A description that provides an outline of a business
    answer choices
    Executive Summary
    Company Description
    Contingency Plan
    Mission Statement
  • Question 12
    30 seconds
    Q. A description of the product or service to be offered
    answer choices
    Operational Plan
    Marketing Plan
    Product and Service Plan
    Industry Overview
  • Question 13
    30 seconds
    Q. Who will run the company as well as management’s philosophy
    answer choices
    Organizational Plan
    Operational Plan
    Executive Summary
    Company Description
  • Question 14
    30 seconds
    Q. Research of the potential business’s industry
    answer choices
    Market Analysis
    Industry Overview
    Contingency Plan
    Marketing Plan
  • Question 15
    30 seconds
    Q. Research of the potential customer’s profile
    answer choices
    Market Analysis
    Marketing Plan
    Mission Statement
    Growth Plan
  • Question 16
    30 seconds
    Q. A plan presenting financial forecasts for the business
    answer choices
    Loan Proposal
    Financial Plan
    Business Loan Plan
    Investor Plan
  • Question 17
    30 seconds
    Q. The specific aspirations of a company, the major goals it will try to reach.
    answer choices
    Vision Statement
    Company Description
    Mission Statement
    Executive Summary
  • Question 18
    30 seconds
    Q.

    Which of the following is NOT a heading on a business plan?

    answer choices

    The staff

    The idea

    Market research

    Advertising campaign examples

    Competitors

  • Question 19
    30 seconds
    Q.

    Which of the following would be interested in seeing the business plan of a new company?

    answer choices

    Customers

    Potential investors

    The owners of the company

    Banks/ potential lenders

    Local council

  • Question 20
    30 seconds
    Q.

    A business plan would normally be updated:

    answer choices

    Every day

    A month after the business starts

    Once a business adjusts its aims/objectives

    Every so often

    Never - It stays the same in its original form

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