FP11 3.04 Developing a business plan.

Which section of the business plan makes it easy for readers to locate sections they want to read or review?

• Table of Contents

• Cover Page

• Product(s) Offered

• Company Description

Which information should be included in a business plan's company description?

• business's operating days and hours

• expected target market

• barriers to market entry

• expected life cycle of product(s)

Which should be included in a business plan's executive summary?

• mission statement

• industry outlook

• business phone number

• technology involved in products

Which section of the business plan requires considerable time and external research?

• Appendices

• Market Analysis

• Executive Summary

• Strategy and Implementation

A detailed competitive study should be included in which section of the business plan?

• Appendices

• Financial Plan

• Market Analysis

• Executive Summary

Which question does the company description section of a business plan answer?

• Where is the business located?

• What is the business's marketing plan?

• What is the general outlook for the industry?

• What will the business charge for its products?

An effective marketing plan includes a review of what makes the company unique, also known as a:

• requirement of SEC regulations.

• company overview for the previous year.

• the strategy that a company will use to market its products to customers.

• report of the company's financial performance.

Which is the MOST critical component of a business plan?

• Financial Plan

• Market Analysis

• Executive Summary

• Company Description

Which section of the business plan sets specific assignments and deadlines for putting the plan into action?

• Market Analysis

• Product(s) Offered

• Strategy and Implementation

• Company Description

What kind of data do existing businesses need to provide in the financial plan component of their business plans?

• contracts and licenses

• historical financial data

• competitive financial data

• management resumes