Business Plan

Business Plan

11 Qs

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Business Plan

Business Plan

Assessment

Quiz

Business

Practice Problem

Medium

Created by

Cynthia Perez

Used 8+ times

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11 questions

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1.

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.

2.

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.

To help reduce the risk of business failure.

All of the above.

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Complete the sentence: A business plan...

is useful once your business is operational but not much help during the startup phase

is not usually needed once the business is up and running

can serve as a tool for helping a business during the startup phase and for managing your business once it is up and running.

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

An analysis of the business’s advantage over its competitors

Growth Plan
Competitive Analysis
Contingency Plan
Market Analysis

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How a company will make customers aware of its products/services

Marketing Plan
Industry Overview
Product and Service Plan
Growth Plan

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A potential business owner’s qualifications and those of any partners

Company Description
Management Team Plan
Growth Plan
Executive Summary

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A brief account of the key points contained in a business plan

Executive Summary
Company Description
Mission Statement
Vision Statement

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