Business Plan Quiz

When does a start-up company need to write a business plan?

• After the first year of operation

• Before starting the business

• Only when seeking investors

• When expanding internationally

How many elements are there in the business plan for High Tech Kites?

• 5

• 6

• 7

• 8

What is the purpose of the Executive Summary in a business plan?

• To provide a detailed financial analysis

• To give a brief overview of the products/service

• To outline the marketing strategy

• To list the company’s competitors

What should be included in the summary of High Tech Kites?

• Their main product and marketing plan

• Their financial statements

• Their employee handbook

• Their office locations

What is a risk assessment?

• A plan for marketing strategies

• An analysis of potential risks

• A summary of financial goals

• A list of company policies

What information is included in a company’s code of ethics?

• Marketing strategies

• Ethical guidelines and principles

• Financial projections

• Product descriptions

What should be included in the conclusion of your business plan?

• A summary of the business’s history

• A detailed product list

• A recap of the main points and future outlook

• A list of competitors

What is the main purpose of a business plan?

• To entertain potential investors

• To provide a roadmap for business success

• To list all employees

• To describe office decor

What is the first step in writing a business plan according to the document?

• Conducting a market analysis

• Writing the Executive Summary

• Defining the business goals

• Creating a financial plan

What is the importance of saving the High Tech Kites business plan?

• To use as a template for future plans

• To share with competitors

• To publish online

• To discard after reading