Business Plan - Quiz - M5

What is a clear statement describing what a business aims to achieve in the future?

What is the purpose of a business, outlining why it exists and what it seeks to accomplish?

What term refers to specific, measurable actions or steps to accomplish goals?

What is an example of a business goal?

• Expanding into other cities within two years

• Increasing sales by 15% per month

• Hiring a poet laureate

• Providing affordable products

Which of the following best describes Bistro PoEatry’s target market?

• People who love spoken word poetry

• Business executives looking for formal dining

• Farmers and fishermen

• Children under 5 years old

Which of the following is an example of a competitor?

• The business's target audience

• A similar business offering the same products and services
  

• A business partner

• The customers visiting the store

What department is responsible for hiring and training employees?

TRUE / FALSE

The operational plan describes the daily tasks and processes required to run a business.

TRUE / FALSE

A competitor is a business that has the same target customers but offers different products.

TRUE / FALSE

The mission statement focuses on what the business aims to achieve in the long term.