Business Plan

Business Plan

12th Grade

15 Qs

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Business Plan

Business Plan

Assessment

Quiz

Social Studies

12th Grade

Practice Problem

Hard

Created by

John Robinson

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15 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What is the purpose of the executive summary in a business plan?

To provide a busy reader with an overview of the entire business plan

To describe the industry the business will enter

To address the basic logic of how profits are earned in the business

To outline how the business will be run and how the product or service will be produced

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What is the primary purpose of a business plan?

To secure funding from investors

To outline the company's history

To describe the personal background of the founders

To list all potential competitors

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which section of a business plan typically includes a SWOT analysis?

Marketing Plan

Financial Plan

Executive Summary

Company Description

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What is a common mistake to avoid when writing a business plan?

Being overly optimistic about financial projections

Including a detailed marketing strategy

Describing the management team

Analyzing the competition

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

In a business plan, what does the term 'market segmentation' refer to?

Dividing the market into distinct groups of buyers

Analyzing the financial health of competitors

Identifying the strengths and weaknesses of the business

Outlining the company's mission statement

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What is the role of the financial projections section in a business plan?

To predict future revenues and expenses

To describe the company's mission and vision

To outline the organizational structure

To list the products and services offered

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which of the following is a key component of the marketing plan in a business plan?

Target market analysis

Executive summary

Financial projections

Organizational structure

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