Business Plan Review

What is a business plan?

• formal written document that includes employable business characteristics

• the application process of becoming a business owner

• formal document that includes a company's future objectives & strategies

• a blend of marketing elements and how it affects supply and demand

What is a logo?

• graphic mark, emblem, or symbol used to promote

• a specific group of consumers who have similar wants/needs.

• financial documents showing all collected taxes

• a written document stating who represent the company

What is included in an executive summary?

• A detailed list of executives who will be potentially running the company

• Introduces the business owner and business idea/pitch

• software that cooperating companies to share production ideas

• different types of ownership productions

What is a mission statement?

• lists the employees in a hierarchy

• marketing research study that gathers competitive stats

• the use of technology to provide remote medical care

• states the company's main goals

What is included in the product/service plan?

• income that will be taxed on a later date

• a program that formats data in columns and rows to do calculations

• A detailed description of the product/service.

• business activities that are consumed by customers

What is included in the industry overview?

• studies carried out to gather new info on a current problem

• this section includes industry trends and sales percentages.

• people who can give a report about your character and work habits

• this section includes an endorsement that limits the use of statistics

Which is NOT a form of marketing?

• online advertisement

• business cards

• social media platform

• public relations

What is marketing?

• the process of creating, communicating, & delivering info to customers

• use of a third party who tries to resolve a complaint

• finding solutions to problems through carefully designed studies

• the blending of the four marketing elements

What is a target market?

• promotional activities designed to obtain sales

• specialists with responsibilities for specific parts of retail

• specific group of consumers who have similar wants & needs

• an economy that combines elements of command markets

What is the purpose of the competitive analysis section?

• process of researching rivalry and competition in your area of business

• legal action brought for violations of criminal laws

• the use of computers to process info that solves problems

• to collect info on products to deliver to customers