WorksheetsPrinciples of Business Quizziz Revision
Total questions: 11
Worksheet time: 11mins
A person who is associated with starting a business is know as
Merchant
Entrepreneur
Salesman
Businessman
Why do you need a business plan?
To explain your idea
the ability to get financing.
it's a road map that sets objectives and goals for the business.
To help reduce the risk of business failure.
All of the above.
Complete the sentence: A business plan...
is useful once your business is operational but not much help during the startup phase
is not usually needed once the business is up and running
can serve as a tool for helping a business during the startup phase and for managing your business once it is up and running.
Which element of the business plan focuses on the specific products or services that the business offers? *
The Business Opportunity
Marketing Plan
Financial Forecast
Operational Plan
This is information gathering from what has already been compiled and documented by others.
General Research
Primary Research
School Research
Secondary Research
State the two (2) types of research
Primary Research
Secondary Research
School Research
General Research
