M1Q3_L4 Business Objectives

What is a business plan?

• A document outlining employee responsibilities

• A document outlining financial reports

• A document outlining marketing strategies

• A document outlining how to start a business

Why do entrepreneurs need a business plan?

• To hire employees

• To attract investors

• To set clear objectives of what and how to sell their products

• To create marketing campaigns

What is the primary aim of a business?

• To achieve personal goals

• To make profit

• To provide employment

• To support the community

What is the main purpose of a business plan?

• To outline how the company will make a product

• To create employee schedules

• To design product packaging

• To organize office events

What did the entrepreneurs consider when pitching their business plan on Shark Tank?

• The business's primary aim

• The product's color scheme

• The latest fashion trends

• The weather forecast

What did the entrepreneurs want to achieve with their business plan?

• To make profit

• To win a vacation

• To become famous

• To travel to space

What is the most important reason for entrepreneurs to have a business plan?

• To write a novel

• To create a logo

• To know what are the products to sell to the people

• To attract customers

What is the main focus of the Shark Tank videos?

• Entrepreneurs pitching business plans

• Cooking tutorials

• Music performances

• Travel documentaries

What did the entrepreneurs want to achieve with their business plan?

• To win a vacation

• To make profit

• To become famous

• To travel to space

What attribute(s) have you developed in this lesson?

• Inquirer

• Communicator

• Thinker

• All of the above