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What is a Business Plan? BizzWizard to 7min 15sec

Authored by Jonathan admin

Business

6th - 8th Grade

20 Questions

Used 1+ times

What is a Business Plan? BizzWizard to 7min 15sec
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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a business plan?

A document detailing the business idea and objectives

A list of products to sell

A marketing strategy

A financial report

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why is a business plan important?

It guarantees success

It helps in planning and organizing business activities

It is only needed for large companies

It is a legal requirement

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When should a business plan be created?

After the business is established

Before starting the business

Only when applying for a loan

When the business is failing

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does the target market section of a business plan describe?

The location of the business

The financial predictions

The intended customers

The business's competitors

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is one reason Finley wants to open a local shop?

To compete with supermarkets

To make a lot of money quickly

To provide a convenient option for his neighbors

To sell only online

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a key characteristic of a successful entrepreneur mentioned in the video?

Being risk-averse

Creativity and willingness to take risks

Having a lot of cash

Avoiding market research

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What financial challenge does Finley face?

He has too much money

He needs a large sum to start his shop

He is not interested in loans

He has a wealthy investor

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