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Understanding Lean Business Plans

Authored by R. Bryant

Business

12th Grade

Used 3+ times

Understanding Lean Business Plans
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27 questions

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1.

MULTIPLE CHOICE QUESTION

45 sec • 3 pts

What is the main focus of a Lean Business Plan?

Making detailed money plans

Simple strategy and action

Big market study

Lots of competitor study

2.

MULTIPLE CHOICE QUESTION

45 sec • 3 pts

Which of these is NOT part of a Lean Business Plan?

Mission statement

Key partnerships

Financial forecasts

Detailed marketing plan

3.

MULTIPLE CHOICE QUESTION

45 sec • 3 pts

What is the main benefit of a Lean Business Plan?

It has a lot of details and information

It is fast to make and easy to change

It does not need any market research

It makes sure the business will succeed

4.

MULTIPLE CHOICE QUESTION

45 sec • 3 pts

What is a key characteristic of an entrepreneur?

Risk aversion

Inability to adapt

Innovative thinking

Preference for routine

5.

MULTIPLE CHOICE QUESTION

45 sec • 3 pts

Which part of a Lean Business Plan talks about the people you want to sell to?

Money plans

Customer groups

Ways to make money

Important things you need

6.

MULTIPLE CHOICE QUESTION

45 sec • 3 pts

What is the main reason for having a business plan?

To get money from investors

To explain what the business wants to do and how

To make other businesses jealous

To not pay taxes

7.

MULTIPLE CHOICE QUESTION

45 sec • 3 pts

What is important for coming up with new business ideas?

Studying the market

Copying others

Not listening to customers

Staying away from risks

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