Entrepreneurship Chapter 6 Quest (Quiz/Exam)

A(n) ________ is a description of your business goals and how you are going to achieve them.

• business plan

• objective

• mission statement

This type of brief business plan is a synopsis lasting from about thirty seconds to three minutes.

• summary

• quick summary

• synopsis

A(n) ________ presentation is a type of business plan that is a short slide show with a running narrative.

• visual

• oral

• detailed

A(n) ________ business plan is a detailed plan given to people whose financial support you need to start your business.

• oral

• quick summary

• investor's

A(n) ________ business plan is somewhat informal and meant for use within the company.

• investor's

• quick summary

• operational

A(n) ________ pitch must be delivered to a potential investor in about thirty seconds and in fewer than 150 words.

• elevator

• oral

• quick summary

A(n) ________ summary is a part of a business plan that highlights key selling points on one or two pages.

• quick

• executive

• mission statement

One of "The Three C's" in a business plan is ________, which describes who will be buying the product or service and why.

• customer

• challenge

• criteria

One of "The Three C's" in a business plan is ________, which describes what your product or service is and how it is different from other similar products or services.

• capital

• concept

• challenge

A business ________ is a customer need or want that can potentially be met by a new business.

• opportunity

• plan

• creditor