SA 2 Entrepreneurship

What is one of the major sections of the business plan that outlines various activities from the acquisition of raw materials to the delivery of products to target customers?

• Financial Plan

• Service Plan

• Operational Plan

• Marketing Plan

Which of the following is NOT commonly covered in the operational plan?

• Materials requisition and receiving procedures

• Storage and inventory control system

• Evaluation of suppliers

• Customer service strategies

What does the '10Cs of things to Look for in Suppliers' refer to?

• 10 categories of suppliers

• 10 common issues with suppliers

• 10 characteristics to consider when evaluating suppliers

• 10 countries with the best suppliers

Which of the following is NOT one of the 10Cs to look for in suppliers?

• Communication

• Culture

• Cost

• Certification

What are the four main types of stock mentioned in the text?

• Raw materials, Work in progress, Finished goods, Consumables

• Primary stock, Secondary stock, Tertiary stock, Quaternary stock

• Initial stock, Ongoing stock, Final stock, Expendable stock

• Basic stock, Intermediate stock, Advanced stock, Premium stock

What is the purpose of stocktaking?

• To ignore stock levels

• To make an inventory of stock

• To reduce stock levels

• To increase stock levels

Which of the following is NOT a part of the marketing mix?

• Promotion

• Product

• Placement

• Profit

What is the purpose of the financial plan in a business plan?

• To accumulate and describe all data in monetary units

• To analyze customer feedback

• To evaluate employee performance

• To describe the marketing strategies

What is the last major section of the business plan?

• Operational Plan

• Marketing Plan

• Financial Plan

• Service Plan

What is the purpose of the analysis of financial statements in the financial plan?

• To provide irrelevant information

• To evaluate and analyze the financial statements

• To create fictional data

• To confuse users