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WorksheetsBusiness Plan
Total questions: 10
Worksheet time: 4mins
Business planning is one of the management tools used to achieve business objectives.
True
False
The business plan is also known as...
venture plan
entrepreneur plan
business development proposal
all of these
Business plan is not compulsory for entrepreneurs to apply a loan from financial institution.
True
False
Who need a business plan?
Creditors
Shareholders
Bankers
All of these
A business plan is a written document describing a company's core business activities, objectives, and how it plans to achieve its goals.
True
False
The importance of a business plan as below EXCEPT...
to lost investment
sets the business mission
determine barriers to the venture
increases the stakeholders' confidence
The person or persons responsible for implementing the plan should be heavily involved in its development.
True
False
An analysis of the business’s advantage over its competitors
Contingency Plan
Growth Plan
SWOT Analysis
Competitive Analysis
A business plan would normally be updated once a business adjusts its aims/objectives.
True
False
A plan presenting financial forecasts for the business...
Trading plan
Investor Plan
Financial Plan
Business Loan Plan
