Quiz CH4 & 5

Collection of all internal and external factors is the definition for?

• SWOT Analysis

• Business Plan

• Pestle Analysis

• Business Environment

A good business environment will .....

• Assists in planning and ignore the overall performance, growth and profitability of the business

• Assists in planning and improves the overall performance, growth and profitability of the business

• Assists in planning and burden the overall performance, growth and profitability of the business

• None of the above

Categories of Entrepreneurship Environment

• Politician, Economic ,Social ,Technological

• Political, Economic ,Social ,Technological

• Political, Economic ,Social ,Technical

• Political, Economic ,Societal ,Technological

Environmental analysis is define as ....... except

• a strategic management tool to quickly and easily define and communicate a business idea or concept

• an overview of your business idea from every perspective

• the act of creating a business while building and scaling it to generate an income

• an important tool in understanding and decision making in all situation of the business

Business Model Canvas (BMC) is a

• visual chart to analyze the key factors that influencing an organization from the outside.

• visual chart that consist things that you have some control over and can change

• visual chart with elements describing a firm’s best option for the success and growth

• none of the above

Business Plan is define as

• an aggregate of all conditions, events and influences that surround and affect it. It is broad and ever changing as its separate elements interact

• a strategy is a long-term plan that you create for your company to reach the desired, future state you envision

• assists in planning and improves the overall performance, growth and profitability of the business

• written document that describes in detail how a business usually a startup to achieve its goals

Purpose of Business Plan includes all the criteria...except

• to describe a business opportunity

• to dismantle a business opportunity

• to identify a business opportunity

• to inspect a business opportunity

Component of Business Plan. EXCEPT

• Marketing Plan

• Financial Plan

• Organical Plan

• Operational Plan

This plan will help the company to maps out the day-to-day tasks required to run a business

• Organizational Plan

• Marketing Plan

• Operational Plan

• Financial plan

A good __________ should include details about company cash flow, savings, debt, investments and any other elements of the fiscal life

• financial planning

• marketing planning

• organizing planning

• operational planning