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WorksheetsFP11 3.04 Developing a business plan.
Total questions: 16
Worksheet time: 8mins
Which section of the business plan makes it easy for readers to locate sections they want to read or review?
Table of Contents
Cover Page
Product(s) Offered
Company Description
Which information should be included in a business plan's company description?
business's operating days and hours
expected target market
barriers to market entry
expected life cycle of product(s)
Which should be included in a business plan's executive summary?
mission statement
industry outlook
business phone number
technology involved in products
Which section of the business plan requires considerable time and external research?
Appendices
Market Analysis
Executive Summary
Strategy and Implementation
A detailed competitive study should be included in which section of the business plan?
Appendices
Financial Plan
Market Analysis
Executive Summary
Which question does the company description section of a business plan answer?
Where is the business located?
What is the business's marketing plan?
What is the general outlook for the industry?
What will the business charge for its products?
An effective marketing plan includes a review of what makes the company unique, also known as a:
requirement of SEC regulations.
company overview for the previous year.
the strategy that a company will use to market its products to customers.
report of the company's financial performance.
Which is the MOST critical component of a business plan?
Financial Plan
Market Analysis
Executive Summary
Company Description
Which section of the business plan sets specific assignments and deadlines for putting the plan into action?
Market Analysis
Product(s) Offered
Strategy and Implementation
Company Description
What kind of data do existing businesses need to provide in the financial plan component of their business plans?
contracts and licenses
historical financial data
competitive financial data
management resumes
Which document is LEAST likely to be included in the financial plan component of a business plan?
credit history
cash flow statementCash
income statement
balance sheet
The patents and copyrights of a business are usually mentioned in which component of the business plan?
Strategy and Implementation
Management Plan
Market Analysis
Product(s) Offered
Personnel costs should be addressed in which component of the business plan?
Appendices
Management Plan
Company Description
Strategy and Implementation
The strategy and implementation component of the business plan addresses:
financing needs.
business founders.
the number of employees.
advertising and marketing techniques.
Building permits may show up in which section of a business plan?
Appendices
Table of Contents
Product(s) Offered
Executive Summary
The management plan component of a business plan addresses:
cash flow.
market research.
legal documents.
organizational structure.
