Business Planning/ Project - Dr. Z - APP exam 1

Select all the important aspects of communicating business plan

• Devolping a marketing strategy

• Identification of the target market

• Writing the plan

• Developing financial projections

• Conducting competitor analysis

Answer explanation

The other options would fall under implementation of a business plan

Select all the important aspects of implementing a business plan

• Devolping a marketing strategy

• Identification of the target market

• Assess clinical and quality requirements

• Developing financial projections

• Conducting competitor analysis

Answer explanation

The others would fall under communication of the business plan

Which of the following could be a rate limiting step of implementing a business plan

• Devolping a marketing strategy

• Identification of the target market

• Assess clinical and quality requirements

• Developing financial projections

• Conducting competitor analysis

Which of the following is perhaps the most critical step for implementing a business plan

• Devolping a marketing strategy

• Identification of the target market

• Assess clinical and quality requirements

• Developing financial projections

• Conducting competitor analysis

When writing a plan for the communication of a business plan their should be a specific audience in mind

• True

• False

Having a target market leads to lack of focus and communication of the message for a business plan

• True

• False

A group of buddies get together and start formulating business ideas. After some debate they land on starting a new business to meet the need of their high HfrEF population. Which of the following steps are they currently in

• Exploring a business concepts

• Defining the business plan or program

• Idetification of target market, conducting market analysis, and conducting competitor analysis

• Establishing an exit plan

• Assessing the clinical and quality requirments

The group of buddies are excited to get their business ideas off the ground!

They came up with a name for their HfrEF based business "Heart-ly slackin". They then formulate a mission statement and vision statement. Which of the following steps are they currently in

• Exploring a business concepts

• Defining the business plan or program

• Idetification of target market, conducting market analysis, and conducting competitor analysis

• Establishing an exit plan

• Assessing the clinical and quality requirments

When creating a business plan its ideal to stick to what worked in the past and not worrying about creating any new or innovative services that fulfill patients needs

• True

• False

Leaders continuously look for ways to improve patient outcomes, fulfill patient needs, reduce spending, and generate revenue

• True

• False