Business Plan

Question 1

• Answer 1 A

• Answer 2 B

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.

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.

• To help reduce the risk of business failure.

• All of the above.

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.

Who will run the company as well as management’s philosophy

• Organizational Plan
• Operational Plan
• Executive Summary
• Company Description

Define what a company slogan is

• A recognizable graphic design element, often including a name, symbol or trademark, representing an organization or product
•  refers to the beliefs and behaviors that determine how a company's employees and management interact and handle outside business transactions
•  is a short phrase that serves as a very brief representation of a product or company. When written well, a slogan instantly evokes emotions and ideas and associates them with a brand
• None of the above

Define what a company Mission Statement is

• A recognizable graphic design element, often including a name, symbol or trademark, representing an organization or product
• It is the mission impossible series on broad way for "How to be a Millionaire"
• A plan for a company that allows businesses to fail
• A sentence describing a company's function, markets and competitive advantages; a short written statement of your business goals and philosophies. It also what an organization is, why it exists, its reason for being.

A part of the business processes that result in the production and delivery of the product or service

• Competitive Analysis
• Company Description
• Operational Plan
• Organizational Plan

How a company will make customers aware of its products/services

• Marketing Plan
• Industry Overview
• Product and Service Plan
• Growth Plan