Financial Planning Unit 3 Part 2

In which section of the business plan will Elena put a copy of her business blueprint?

• Appendix

• Table of Contents

• Executive Summary

• Company Description

The part of the business plan that gives an overview of the entire document is the:

• appendices.

• table of contents.

• executive summary.

• company description.

How can a start-up business benefit from writing a business plan?

• by defining managers’ roles

• by preparing for an expansion

• by placing a value on the business

• by assessing a new product or promotion

In what way can an existing business benefit from writing a business plan?

• begin operations

• identify managers’ roles

• acquire funding for a new idea

• determine how to distribute profits

In Keindra’s business plan, where will she place her evidence of customer interest in her new product?

• Appendices

• Market Analysis

• Product(s) Offered

• Strategy and Implementation

Erin and Evan, as part of preparations to sell their consignment shop, should write a business plan to:

• prepare for an expansion.

• place a value on the company.

• assess a new product or promotion.

• obtain a specific contract or agreement.

Since Justin needs to examine the methods used to reach his company’s goals, he wants to write a business plan to:

• acquire funding.

• prepare for an expansion.

• implement a strategic plan.

• place a value on the business.

Which discusses how a company is intended to work in the future?

• business plan

• financial resource

• product promotion

• executive summary

Since Alana’s company will build a new facility next year, she should write a business plan to:

• prepare for an expansion.

• place a value on the business.

• assess a new product or promotion.

• obtain a specific contract or agreement.

Roselle will put her PR (public relations) in which section of her business plan?

• Market Analysis

• Management Plan

• Company Description

• Strategy and Implementation