Entrepreneurship Chapter 3

Entrepreneurship Chapter 3

Assessment

Flashcard

Business

10th - 12th Grade

Hard

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18 questions

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1.

FLASHCARD QUESTION

Front

What is a business plan?

Back

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

2.

FLASHCARD QUESTION

Front

Why do you need a business plan?

Back

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.

3.

FLASHCARD QUESTION

Front

A brief account of the key points contained in a business plan

Back

Executive Summary

4.

FLASHCARD QUESTION

Front

Complete the sentence: A business plan...

Back

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

5.

FLASHCARD QUESTION

Front

Research of the potential customer’s profile

Back

Market Analysis

6.

FLASHCARD QUESTION

Front

A target market is a group of _______ that the _______ has decided to aim its marketing efforts and ultimately its merchandise towards.

Back

Customer, Business

7.

FLASHCARD QUESTION

Front

Which of the following statements about business plans is TRUE?
Business plans eliminate risk to lenders,
Business plans reduce risk to lenders,
Business plans increase risk to lenders,
Business plans have no impact on risk to lenders

Back

Business plans reduce risk to lenders

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