
Business Plan Concepts
Flashcard
•
Business
•
11th Grade
•
Practice Problem
•
Easy
Deserae Holtorf
Used 1+ times
FREE Resource
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13 questions
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1.
FLASHCARD QUESTION
Front
Statement of Purpose
Back
A brief explanation of why the writer of a business plan is asking for a loan and what they plan to do with the money.
2.
FLASHCARD QUESTION
Front
Business Plan
Back
A written document that describes all the steps necessary for opening and operating a successful business.
3.
FLASHCARD QUESTION
Front
Executive Summary
Back
A short restatement of the report portion of a business plan.
4.
FLASHCARD QUESTION
Front
Cover Letter
Back
A letter that introduces and explains an accompanying document or set of documents.
5.
FLASHCARD QUESTION
Front
Basic Elements of a Business Plan
Back
1. Executive Summary 2. Business Description 3. Product and Services 4. Market Analysis & Marketing Plan 5. Operations Overview 6. Financial Plan 7. Appendix
6.
FLASHCARD QUESTION
Front
Purpose of a Business Plan
Back
Helps in planning and managing a business effectively.
7.
FLASHCARD QUESTION
Front
Types of resources for researching a business plan
Back
1. Online Resources: Internet, business websites, government sites, competition websites. 2. In Person: Physical locations to shop, research, and observe. 3. Paper Resources: Public library, government documents, magazines.
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