Business Plan Quiz

What is a business plan?

• A diary of events

• A written document showing goals and strategies

• A staff attendance list

• A contract with suppliers

Why is a business plan important?

• To attract investors and guide the business

• To entertain customers

• To replace managers

• To pay salaries

Which section introduces the business idea?

• Executive summary

• Marketing plan

• Operations plan

• Financial plan

Which of the following is NOT usually in a business plan?

• Executive summary

• Holiday calendar

• Marketing plan

• SWOT analysis

The executive summary is:

• A detailed history of the business

• A short overview written last but placed first

• A salary slip

• A supplier agreement

Which section describes products and services?

• Marketing plan

• Financial plan

• Business description

• Management plan

The marketing plan explains:

• How profits are shared

• How the business promotes and sells

• How goods are stored

• How salaries are paid

Which plan focuses on daily activities?

• Financial plan

• Operations plan

• SWOT

• Executive summary

The management plan shows:

• Competitors’ strategies

• Owners, managers, and qualifications

• Loan agreements

• Supplier contracts

SWOT stands for:

• Stock, Wages, Operations, Taxes

• Strengths, Weaknesses, Opportunities, Threats

• Sales, Work, Order, Training

• Strategy, Work, Output, Targets