GCSE Business - Business Plans

GCSE Business - Business Plans

10th - 11th Grade

12 Qs

quiz-placeholder

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GCSE Business - Business Plans

GCSE Business - Business Plans

Assessment

Quiz

Business

10th - 11th Grade

Hard

Created by

David Munro

Used 106+ times

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12 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A target market is a group of _______ that the _______ has decided to aim its marketing efforts and ultimately its merchandise towards.
Companies, Business
Companies, Research
Customer, Business
Business, Customer

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

a business plan 
is useful once your business is operational but not much help during the startup phase
is not usually needed to secure financing in your business
can serve as a tool for managing your business once it is up and running
All of the above

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a business plan?

Written document that only outlines the business practices of the new business.

Written document that describes the financial aspects of the business.

Written document that only describes the ownership of the business.

Written document that describes all the steps necessary for opening and operating a successful business.

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why do you need a business plan?

To explain your idea

the ability to get financing.

it's a road map that sets objectives and goals for the business

All of the above

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

All partnerships must be 50 - 50?

True

False

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Your business plan should never list any risks or potential problems.

True

False

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

True or False: Business plans are used by new, rather than established, firms

TRUE

FALSE

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