BUSINESS PLAN VOCAB

WHAT IS A VISION STATEMENT?

• description of your company's purpose, your goals, and the kinds of products or services you provide to help your audience find solutions to their pain points.

• a person's principles or standards of behavior; one's judgment of what is important in life.

• a document that states the current and future objectives of an organization

• I HAVE NO IDEA

A MISSION STATEMENT IS NOT NEEDED

• TRUE?

• FALSE?

WHAT IS A MISSION STATEMENT?

• is a concise description of your company's purpose, your goals, and the kinds of products or services you provide to help your audience find solutions to their pain points.

• is a document that states the current and future objectives of an organization.

• is intended as a guide to help the organization make decisions that align with its philosophy and declared set of goals

WHAT IS A BUSINESS PLAN? CHECK ALL THAT APPLY.

• Is a written description of your businesses future,

• A document that tells what you plan to do and how you plan to do it.

• Defines what an organization is, why it exists, its reason for being.

• The core values that shape the acts and behaviour of the employees

TRUE OR FLASE? Target Market and Target Audience is the same thing?

• False

• True

WHICH IS AN EXAMPLE OF AN OBJECTIVE? CHECK ALL THAT APPLY

• Increase profit margin

• Increase efficiency

• Capture a bigger market share

• Improve employee training

A business can use a variety of __________ when selling a product or service.

A ________is an identifying symbol, mark, logo, name, word, and/or sentence that companies use to distinguish their product from others.

TRUE OR FALSE: Competition is only in sports

• false

• true

How do you feel?

• This was hard because I did not do my vocabulary on Tuesday?

• This was hard because it was just hard

• This was easy !