Business Plan Development and Components Test

Business Plan Development and Components Test

20 Qs

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Business Plan Development and Components Test

Business Plan Development and Components Test

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Deborah McMennamy

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20 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

1. What is the primary purpose of a business plan?

A. To secure financing
B. To outline organizational structure
C. To tack daily operations
D. To evaluate competitors

2.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

2. Which section of a business plan typically includes a brief overview of the companys history and mission statement?

A. Marketing Plan
B. Financial projections
C. Executive summary
D. Market analysis

3.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

3. What is the primary function of the executive summary in a business plan?

A. Provide a detailed financial forecast
B. Present an in-depth analysis of competitors
C. Summarize the key points of the entire plan
D. Outline the company's organizational structure

4.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

4. Which component of a busines plan focuses on the products or services a company offers and its unique value propostion?

A. Market analysis
B. Marketig plan
C. Financial projections
D. Copany description

5.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

5. What section of a business plan includes infomation about the target market, customer demographics, and market trends?

A. Management team
B. Financial projections
C. Market analysis
D. Competitive analysis

6.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

6. Which financial statement provides an overview of the companys financial position at a specific point in time?

A. Income statement
B. Balance sheet
C. Cash flow statement
D. Profit and loss statement

7.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

7. In the business plan which section outlines the companys organizational structure, ownership, and key personnel?

A. Marketing plan
B. Market analysis
C. Management team
D. Financial projections

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