Understanding Business Plans and Risks

What is the primary purpose of a business plan?

• To outline the company's marketing strategy

• To provide a roadmap for the business and attract investors

• To list the company's employees

• To describe the company's history

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Which of the following is NOT a type of business plan?

• Quick summary

• Oral presentation

• Financial audit

• Operational business plan

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What is included in an executive summary?

• Detailed financial projections

• A brief overview of the business plan

• A list of all employees

• A detailed marketing strategy

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What does the 'concept' in the Three C's refer to?

• The business idea or model

• The target market

• The financial capital

• The company's location

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In the context of business plans, what does 'capital' refer to?

• The company's location

• The financial resources needed for the business

• The number of employees

• The company's mission statement

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What is the focus of an investor's business plan?

• To provide a detailed operational guide

• To attract potential investors by highlighting financial potential

• To outline the company's history

• To describe the company's products in detail

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Which of the following best describes entrepreneurial discovery?

• The process of hiring employees

• The process of creating a business plan for a unique business idea

• The process of selling a business

• The process of conducting market research

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What is the main goal of an operational business plan?

• To provide a quick overview of the business

• To detail the internal operations and management of the business

• To attract investors

• To outline the company's marketing strategy

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Which of the following is a component of the Three C's in a business plan?

• Competition

• Customer

• Collaboration

• Communication

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What type of business plan is typically used for a brief, informal presentation?

• Quick summary

• Investor's business plan

• Operational business plan

• Executive summary

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