Unit 2: Lesson 1

It is a written description of the business that you will establish in the future.

• Lesson Plan

• Business Plan

• Feasibility Study

• SWOT Analysis

True or False: A business plan can be written before or during the first few years of the enterprise.

• True

• False

True or False: One reason why you should have a business plan is to give your new business 50% chance of success.

• True

• False

Whether you wish to offer your business to venture capitalists or attract investors, you need a solid business plan. Which reason why you should have a business plan is being described?

• To test the feasibility of your business idea

• To give your new business the best chance of success

• To secure funding

• To attract investors

True or False: Working along with your business plan will check if your business is feasible or not.

• True

• False

Viable businesses are dynamic; they alter and grow. Your company's original business plan needs revision for new goals. Which reason why you should have a business plan is being described?

• To attract investors

• To give your new business the best chance of success

• To secure funding

• None of the above.

This is the method of determining what a client needs from a product.

• Business Proponents

• Identifying Target Market

• Business Plan

• Identifying Customer Needs

Which is not a factor of a good business plan?

• It's realistic.

• It's specific.

• It's used to attract investors.

• It's followed through.

Avoid setting unachievable goals. Instead, make realistic ones.
Which factor of a good business plan is being described?

• It's specific.

• It's realistic.

• It's followed through.

• Malay ko ba.

The best-arranged plans amount to nothing if not followed.
Which factor of a good business plan is being described?

• It's realistic.

• It's specific.

• It's followed through.

• Ang fresh ni Sir Axl.