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Business Plan Edexcel 1.4

Authored by Laura Paliotta

Business

10th Grade

Used 59+ times

Business Plan Edexcel 1.4
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15 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

Media Image

What does USP stands for?

Universal Standard Pilot

Unique Selling Point

United Service Providers

Ultimate Secondary Procedures

2.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

Increased concern from consumers over the environment has led to new business start-ups developing products from recycled materials. These business ideas have come about due to:

Services that have become obsolete

Products that have become obsolete

Changes in consumer demand

Changes in the interest rate

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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.

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

a business plan 

is useful once your business is operational but not much help during the startup phase
is not usually needed to secure financing in your business
can serve as a tool for managing your business once it is up and running
All of the above

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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

All of the above

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

True or False: Business plans are used by new, rather than established, firms

TRUE

FALSE

7.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

Lack of overall planning and poor decision-making can lead to business failure. This is known as:

Poor management

Poor quality

Poor understanding of the economy

Poor sales levels

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