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WorksheetsBusiness and Financial Planning Quiz
Total questions: 10
Worksheet time: 5mins
What was the main challenge that led to GalaxBoy's business closing?
They did not know how to design products
They were not good at running a business
They lacked enough customers
They did not know how to sell products
Why is a business plan important for an entrepreneur?
It helps avoid paying taxes
It helps set goals and attract investors
It ensures the business will always make a profit
It guarantees customer satisfaction
Which of the following is NOT part of a SWOT analysis?
Strengths
Opportunities
Promotion
Threats
Which of the following is included in the 7Ps of the Marketing Mix?
Strengths
Price
Wages
Target market
Which element of the 7Ps refers to the location where a product or service is sold?
People
Promotion
Place
Process
Which of the following would likely be a competitor for Texan BBQ in Mamelodi?
A car dealership
A fast-food outlet offering similar grilled products
A stationery store
A supermarket
What is the purpose of a financial plan in a business plan?
To calculate employee salaries
To project profitability and raise capital
To reduce competition
To set customer service goals
Which of the following is an example of a fixed cost for Texan BBQ?
Cost of meat for ribs
Rent for the outlet
Takeaway containers
BBQ sauce ingredients
If Mpho's Texan BBQ has monthly fixed costs of R10,000 and a contribution margin per rib of R20, how many ribs must he sell to break even?
400 ribs
450 ribs
500 ribs
550 ribs
Which financial document shows Mpho's sales, expenses, and profits over a period?
Balance sheet
Cash flow statement
Income statement
Budget
