4TH QUARTER EXAMINATION ENTREPRENEURSHIP

It is a typical timeframe that a business plan addresses.

• One year

• the anticipated life of the business

• At least three to five years

• At least five years?

It refers to the costs incurred through payment of utilities such as electricity and water.

• Revenue

• Mark-up

• Free

• Operating Expenses

It is a technique that expresses each financial statement item as a percentage of a base amount. Also called common-size analysis.

• Horizontal analysis

• Vertical analysis

• Ratio analysis

• Financial statement analysis

It refers to the amount added to the cost of a product to determine the selling price.

• Revenue

• Cost

• Mark Up

• Mark Down

It refers to a set of procedures and instructions?

• Value chain

• Supply chain

• Manpower

• Methods

It is a replica of a product as it will be manufactured, which may include such details as color, graphics, packaging and instructions?

• Prototype

• Supplies

• Materials

• Outputs

It refers to the section of a business plan which is generally the first but written last?

• Business description and vision

• Appendices

• Executive summary

• Description of market

It refers to the merchandise or goods purchased.

• Costs

• Purchases

• Expenses

• Loss

It refers to the best description of recruitment?

• tools to produce goods or to generate services

• process by which a business seeks to hire the right person for a vacancy

• marketing copy that explains what a product is and why it's worth purchasing

• rationale of how an organization creates, delivers, and captures value in economic, social, cultural or other contexts

It refers to the section of a business plan that will show the ins and outs of the industry and the specific market you are planning to enter.

• Executive summary

• Marketing plan

• Competitive analysis

• Market analysis