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Business Planning Vocabulary

Authored by Sarah Williams

English

University

CCSS covered

Used 1+ times

Business Planning Vocabulary
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15 questions

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1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Media Image

Removing work from one company & sending it to another company that can complete it at a lower cost is called

rightsizing

downsizng

freelancing

outsourcing

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which term refers to a detailed plan outlining the actions needed to reach one or more goals in business?

Strategy

Tactic

Objective

Vision

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What is the term for a financial plan that estimates revenue and expenses over a specified future period?

Budget

Forecast

Projection

Analysis

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

In business planning, what does SWOT stand for?

Strengths, Weaknesses, Opportunities, Threats

Strategies, Workflows, Objectives, Targets

Systems, Work, Operations, Tactics

Sales, Workforce, Output, Trends

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which word describes a company's unique position in the market that sets it apart from competitors?

Differentiation

Diversification

Integration

Segmentation

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What is the term for a brief statement that summarizes a company's purpose and values?

Mission Statement

Vision Statement

Value Proposition

Executive Summary

Tags

CCSS.L.11-12.4C

CCSS.L.6.4C

CCSS.L.7.4C

CCSS.L.8.4C

CCSS.L.9-10.4C

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which of the following is a synonym for 'feasibility' in the context of business planning?

Viability

Flexibility

Profitability

Sustainability

Tags

CCSS.RI.9-10.4

CCSS.RI.9-10.4

CCSS.RI.11-12.4

CCSS.RI.7.4

CCSS.RI.8.4

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