Finalize Evaluated Business Plan

What is a business plan?

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

• Written document that describes the financial aspects of the business.

• Written document that only describes the ownership of the business.

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

Description of the target market is formed in the _____________ part of the business plan.

• Marketing Plan

• Marketing Strategies

• Operating Strategies

• Production Strategies

Detailed description of products or services is in what part of the business plan?

• Marketing Plan

• Production and Technical Plan

• Operational Plan

• Organization and Management

Which part of the business plan describes how the business has solved the problems?

• Statement of Vision

• The Marketing Plan

• The Problem Need

• Production/Technical Plan

Which part of the business plan presents the data on how the products/service will be further developed.

• Financial Plan

• Marketing Plan

• Production Plan

• Operation and Technical Plan

Which part of the business plan presents a clear statement of values to culture, integrity and activities of the business?

• Marketing Plan

• Production Plan

• Operational Plan

• Statement of Vision, Mission & Values

After the cover page and table of contents, what should be the first thing written in your business plan?

• Executive summary

• Marketing plan

• Organizational Hierarchy

• Operating plan

This part of a business plan shows the knowledge of the industry and includes statistics on marketing data for the companies products/services, and evaluates competition

• Executive Summary
• Company Description
• Strategy
• Market Analysis

The specific aspirations of a company, the major goals it will try to reach.

• Vision Statement
• Company Description
• Mission Statement
• Executive Summary

It details how the proposed business will sell its product to the target consumer.

• Marketing Plan

• Financial Plan

• Organizational Plan

• Introduction