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5/29 Planning Vission & Mission

Authored by CHRISTOPHER JOHNSON

Professional Development

12th Grade

Used 1+ times

5/29 Planning Vission & Mission
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16 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a business plan?

A verbal agreement between partners

A written description of the nature of the business, its goals and objectives, and how they will be achieved

A financial statement of the company

A marketing strategy document

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which section of a business plan outlines the basic results expected in the short and long run?

Marketing Plan

Financial Plan

Goals and Objectives

Organizational Plan

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does the Marketing Plan section of a business plan typically include?

Projected income, expenses, and profit

Legal factors—licenses, leases, contracts

Pricing, distribution, and promotion activities

Background of entrepreneur(s)

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In which section of a business plan would you find information about cash start-up and cash flow needs?

Nature of the Business

Financial Plan

Marketing Plan

Organizational Plan

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the purpose of the Organizational Plan section in a business plan?

To describe the size and location of the business

To outline the legal form of ownership and job descriptions

To compare products or services with competitors

To express results in terms of sales volume or profits

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is considered the most important business activity according to the text?

Marketing

Planning

Sales

Customer Service

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How does planning benefit managers in decision-making?

It makes them more creative.

It encourages them to be precise and objective.

It allows them to avoid making decisions.

It helps them to be more subjective.

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