1.01 Business plan review

Which of the following parts of a business plan includes the history of the business:

• Company Description

• market Analysis

• able of Contents

• Strategy and implementation

While preparing to sell their consignment shop, Jaquan and Carolyn should write a business plan to

• implement a strategic plan.

• assess a new product or promotion.

• prepare for an expansion

• place a value on the business.

Since Anthony needs to examine the methods used to reach his company’s goals, he wants to write a business plan to

• implement a strategic plan.

• prepare for an expansion.

• place a value on the business.

• None of the answers are correct.

James wants his company to become the main supplier for a prominent local business. He should write a business plan to

• obtain a specific contract or agreement.

• assess a new product or promotion.

• None of the answers are correct.

• prepare for a new product.

Tiffany will discuss her company’s seven services in which part of the business plan?

• Products offered

• Table of Contents

• Company description

• All of the answers are correct

In which section of the business plan would you find evidence of customer interest in a new product?

• Market Analysis

• Products offered

• Table of contents

• All of the answers are correct

Where in a business plan can you find out how the business intends to handle public relations?

• I don't know

• Strategy and implementation

• Management plan

• Table of contents

In which section of her business plan will Jada discuss each key manager’s skills?

• Executive summary

• Management plan

• I don't know

• Market analysis

Where in a business plan can you find cost estimates and the effect of each cost on the company?

• Market analysis

• Financial plan

• Products offered

• None of the answers are correct

In what way can an existing business benefit from writing a business plan?

• Begin operations

• Acquire funding for a new idea

• Determine how to distribute profits

• I don't know