Untitled Presentation

Multiple Choice

Which of the following is NOT a typical objective when starting a business plan?

• Identify a business plan

• Explain the importance of setting company goals

• Write an example of a business plan objective

• Increase personal social media followers

Open Ended

Why is it important for a business to set clear objectives when creating a business plan?

Multiple Choice

Which of the following is NOT listed as something you need to do when starting a business according to the slide?

• Market research

• Big idea

• Product pricing

• Business vision and mission

Open Ended

Reflecting on the two cases presented (Mark and Elly), what factors do you think contributed to their different business outcomes?

Multiple Choice

According to the lesson, why is it important for entrepreneurs to have a business plan before starting a business?

• To organize and plan strategically

• To impress investors only

• To avoid all risks

• To guarantee immediate profit

Open Ended

Based on the slides, what are some key objectives that should be included in a business plan to ensure business success?

Multiple Select

Which of the following are components of a business plan as shown in the diagram?

• Organize technical needs

• Design marketing strategies

• Set up organizational structure

• Ignore competitors

Open Ended

So, what will be your first step in order to come up with a business plan?

Multiple Choice

According to the slides, what is the main purpose of conducting market research before starting a business?

• To determine consumer interest and product viability

• To hire employees

• To find a business location

• To create advertisements

Multiple Select

Which of the following are advantages of conducting market research?

• Understanding consumer needs

• Checking the product being offered

• Basis on product testing

• All of the above

Open Ended

Describe two methods of conducting market research mentioned in the slides and provide an example for each.

Open Ended

Reflecting on today's lesson, what is one question you still have about writing business plan objectives or starting a business plan?

Multiple Choice

Which of the following best explains the importance of setting a company's vision and mission in a business plan?

• It helps guide the company's direction and decision-making.

• It is only required for legal purposes.

• It is mainly used for marketing.

• It is not necessary for small businesses.

Open Ended

Why is market research important when planning a business, and how can resources like articles and videos help in this process?