What is a business plan?
Business Plan

Flashcard
•
Business
•
12th Grade
•
Hard
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19 questions
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1.
FLASHCARD QUESTION
Front
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
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.
4.
FLASHCARD QUESTION
Front
Looks at likely risks to the business
Back
Contingency Plan
5.
FLASHCARD QUESTION
Front
An analysis of the business’s advantage over its competitors
Back
Competitive Analysis
6.
FLASHCARD QUESTION
Front
A part of the business processes that result in the production and delivery of the product or service
Back
Operational Plan
7.
FLASHCARD QUESTION
Front
How a company will make customers aware of its products/services
Back
Marketing Plan
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