Business plan

A business plan is a written description of a new business venture that describes all of the business

• aspects

• products

• goals

• strategies

In a business plan, the size, scope, and type of business is explained in the .

• company description

• product and service plan

• vision and mission statements

• marketing plan

Before starting a particular business, an entrepreneur needs to determine if there is enough ____________for the product.

• customer base

• demand

• mission

• need

Part of the business plan that projects the income, expenses, and profits of a business over a multi-year period

• Business Plan

• Operational Plan

• Sales/Marketing Plan

• Financial Plan

What should the  aspect of the company description include?

• diagrams, photographs
• vision and mission statement
• back up description of the target market, why your idea will be successful and capture the market and why the opportunity is present
• all of the above

Which of the following parts of a business plan include the cash flow projection and the repayment plan?

• Background and History
• Executive Summary 
• Market Research
• Financial Plan

True or false : A business plan is important for businesses seeking funding?

• true
• false
• both
• neither

Writing a business plan

• is a quick and easy process
• is quick but difficult
• requires patience, research, thought, and time
• none of the above

The introduction, marketing, financial management, operations and concluding statement are found in the main body of a business plan.

• True
• False

It isn't necessary to include the location of your business in your business plan.

• True
• False