Entrepreneurship Chapter 3 Business Plan

Entrepreneurship Chapter 3 Business Plan

9th - 12th Grade

60 Qs

quiz-placeholder

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Entrepreneurship Chapter 3 Business Plan

Entrepreneurship Chapter 3 Business Plan

Assessment

Quiz

Life Skills

9th - 12th Grade

Medium

Created by

Jayne Gibbs

Used 118+ times

FREE Resource

60 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In your business plan, you will need to identify who your target customer is and how you will keep your customers.

True

False

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A business plan is helpful not only in the initial stages of your company but also in future decision making.

True

False

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A business plan may help to convince suppliers to extend credit to your company.

True

False

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A business plan needs to outline goals for the business only for the short term and medium term.

True

False

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Writing out a business plan helps you convince people to buy your product or service.

True

False

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Banks make financing decisions based primarily on the personality and experience of the entrepreneur.

True

False

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Lenders want to know exactly where your business will be because the location of a business is often a critical factor in its success.

True

False

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