Business plan

Business plan

University

10 Qs

quiz-placeholder

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Business plan

Business plan

Assessment

Quiz

Business

University

Practice Problem

Easy

Created by

Shie Espino

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10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a business plan?

Written document that only outlines the business practices of the new business.

Written document that only describes the ownership of the business.

Written document that describes the financial aspects of the business

Written document that describes all the steps necessary for opening and operating a successful business.

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why do you need a business plan?

To explain your idea

t's a road map that sets objectives and goals for the business.

To help reduce the risk of business failure.

All of the above

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A brief account of the key points contained in a business plan

Executive Summary

Company Description

Mission Statement

Vision Statement

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A description that provides an outline of a business

Executive Summary

Company Description

Contingency Plan

Mission Statement

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A description of the product or service to be offered

Operational Plan

Marketing Plan

Product and Service Plan

Industry Overview

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Research of the potential customer’s profile

Market Analysis

Marketing Plan

Mission Statement

Growth plan

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