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1.01 Business plan review

Total questions: 10

Worksheet time: 10mins

Name
Class
Date
1.

Which of the following parts of a business plan includes the history of the business:

a)

Company Description

b)

market Analysis

c)

able of Contents

d)

Strategy and implementation

2.

While preparing to sell their consignment shop, Jaquan and Carolyn should write a business plan to

a)

implement a strategic plan.

b)

assess a new product or promotion.

c)

prepare for an expansion

d)

place a value on the business.

3.

Since Anthony needs to examine the methods used to reach his company’s goals, he wants to write a business plan to

a)

implement a strategic plan.

b)

prepare for an expansion.

c)

place a value on the business.

d)

None of the answers are correct.

4.

James wants his company to become the main supplier for a prominent local business. He should write a business plan to

a)

obtain a specific contract or agreement.

b)

assess a new product or promotion.

c)

None of the answers are correct.

d)

prepare for a new product.

5.

Tiffany will discuss her company’s seven services in which part of the business plan?

a)

Products offered

b)

Table of Contents

c)

Company description

d)

All of the answers are correct

6.

In which section of the business plan would you find evidence of customer interest in a new product?

a)

Market Analysis

b)

Products offered

c)

Table of contents

d)

All of the answers are correct

7.

Where in a business plan can you find out how the business intends to handle public relations?

a)

I don't know

b)

Strategy and implementation

c)

Management plan

d)

Table of contents

8.

In which section of her business plan will Jada discuss each key manager’s skills?

a)

Executive summary

b)

Management plan

c)

I don't know

d)

Market analysis

9.

Where in a business plan can you find cost estimates and the effect of each cost on the company?

a)

Market analysis

b)

Financial plan

c)

Products offered

d)

None of the answers are correct

10.

In what way can an existing business benefit from writing a business plan?

a)

Begin operations

b)

Acquire funding for a new idea

c)

Determine how to distribute profits

d)

I don't know