Lap 6 review Entrepreneurship

It is important to write a business plan because it helps the business start organized with a common vision and

• mission

• title

• none

• guide

Writing a business plan is important to attract investors that can provide ___________

• none

• funding

• advice

• stock

_____________________________ is one type of business plan format goes into great detail for each section.

• Traditional business plan

• Lean startup

The first section of the business plan is a two page description of the overall plan.

• Executive summary

• Financial plan

• marketing plan

• business description

The _____________________ statement is the purpose of the organization.

• mission

• vision

• self analysis

• opening

Trading Area analysis includes the following details

• demographic data

• competition

• economic data

• all are true

Market Segment Analysis defines the business's ____________________________.

• investors

• competition

• target market

The Organization plan outlines the types of business _______________________.

• financial inputs

• ownership

• products

The proposed product section of the plan includes suppliers, manufacturing, and ______________________ procedures.

• inventory

• personnel needs

• management roles

The _________________________ describes the strategies for activities which will communicate value to customers. (my favorite part of the plan)

• marketing plan

• financial plan

• management plan