Business plan Module

Business plan

Plan for success

Multiple Choice

Which of the following best describes a business plan:

• A company's business model in written form

• The same every company

• A description of your business

• A summary of your company's finances

Multiple Choice

Which component of the business plan contains a number for tracking purposes:

• Appendices

• Executive summary

• cover letter

• table of contents

Multiple Choice

Which of the following is the most critical component of a business plan:

• Executive summary

• company description

• Market analysis

• Financial plan

Multiple Choice

Which of the following should be included in a business's executive summary:

• Business phone number

• Technology involved in products

• Mission statement

• Industry outlook

Multiple Choice

Which component of the business plan makes it easy for readers to locate sections they want to read or review?

• Product(s) offered

• Table of contents

• Cover page

• company description

Multiple Choice

Which of the following should be included in a business's executive summary:

• Business phone number

• Technology involved in products

• Mission statement

• Industry outlook

Multiple Choice

Which of the following questions does the company description section of a business plan answer:

• What is the general outlook for your industry?

• What is your business's marketing plan?

• Where is the business located

• What will you charge for your products?

Multiple Choice

Which of the following pieces of information should be included in a business plan's company description:

• Purpose of the business plan

• Expected life cycle of product(s)

• Barriers to market entry

• Business's operating days and hours

Multiple Choice

The business's patents and copyrights are usually mentioned in which component of the business plan?

• Product(s) offered

• Market analysis

• strategy and implementation

• Management plan

Multiple Choice

A detailed competitive analysis should be included in which component of the business plan?

• Appendices

• Executive summary

• market analysis

• financial plan

Multiple Choice

Which component of the business plan requires considerable time and external research?

• Executive summary

• Market analysis

• Strategy & implementation

• Appendices

Multiple Choice

Which of the following is a benefit of writing a business plan:

• Gaining publicity

• Finding new employees

• Avoiding deadlines

• Generating new ideas

Multiple Choice

A typical business plan is anywhere from:

• 2 to 3 pages long

• 10 to 50 pages long

• 20 to 70 pages long

• 50 to 100 pages lone

Multiple Choice

What is the most important thing to focus on when writing a business plan

• Level of detail

• Format

• Page count

• Content