Business Plan

Business Plan

Assessment

Flashcard

Business

12th Grade

Hard

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19 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

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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