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Business plan

Total questions: 20

Worksheet time: 11mins

Name
Class
Date
1.

Can a business plan help for your future

a)

yes

b)

no

c)

maybe

2.

The first section readers will see

a)

Market Analysis

b)

Executive Summary

c)

Company Description

d)

Management and Organization

3.

Include in this section a description of the industry, information on your target market, evaluation of your competition and market test results.

a)

Market Analysis

b)

Management and Organization

c)

Marketing and Sales Management

d)

Product or Service Line

4.

Description of your company including the nature of your business and factors that will make your business a success.

a)

Product or Service Line

b)

Marketing and Sales Management

c)

Management and Organization

d)

Company Description

5.

Details about ownership of company

a)

Executive Summary

b)

Appendix

c)

Management and Organization

d)

Market Analysis

6.

Describe the marketing strategy and how you intend to drive sales

a)

Marketing and Sales Management

b)

Product or Service Line

c)

Management and Organization

d)

Company Description

7.

Describe to readers what you are selling and how the product or service will benefit current and potential customers

a)

Request For Funding

b)

Product or Service Line

c)

Financials

d)

Appendix

8.

Include current and future funding requirements

a)

Financials

b)

Appendix

c)

Management and Organization

d)

Request For Funding

9.

Both past financial data as well as prospective financial data will be required by potential lenders.

a)

Financials

b)

Executive Summary

c)

Purpose of Business Plan

d)

9 Essential Parts of a Business Plan

10.

A separate section which should not be included in the main body of the business plan is the Appendix.

a)

Financials

b)

Marketing and Sales Management

c)

Appendix

d)

Product or Service Line

11.

The executive summary should tell the reader what you want

a)

true

b)

false

12.

Business concept,Financial features,Financial requirements should be the only elements in the executive summary

a)

true

b)

false

13.

defining your market is what

a)

Marketing strategy

b)

business element

c)

Job strategy

14.

A company's _________is affected by a number of variables

a)

Business positioning

b)

pricing

c)

building rent

d)

startup cost

15.

All ____ must cover cost

a)

Taxes

b)

prices

c)

Tax returns

16.

Identify and analyze your _____

a)

customers

b)

prices

c)

business

d)

competition

17.

the three areas you'll cover in the development plan section

a)

Product development

b)

Organizational development

c)

Market development

d)

All the above

18.

when forming ________ you need to take into account all the expenses required to design the product and to take it from prototype to production.

a)

Development Budget

b)

Scheduling and Costs

c)

Personnel

d)

None of the above

19.

The last financial statement you'll need to develop is the____

a)

Equity

b)

Assets

c)

Balance sheet

d)

Liabilities

20.

A _____ helps you plan for your future business

a)

Business plan

b)

Objective plan

c)

None of the above

d)

all the above