Business Plan

The purpose of a feasibilitystudy of the businessis:

• to perfect the good or service to be offered

• to compile a list of potential investors

• to identify potential barriers to success

• to demonstrate compliance with applicable laws and regulations

What should be done first in the executive summary of a Business Plan

• To present the relevance and feasibility of the project

• To present the CV of the entrepreneur

• To present the safety and hygiene conditions

• None of the above answers (a, b, c) are correct

Total fixed costs are equal to €15,000. Unit variable costs are equal to €50. Unit selling price is equal to €200. The breakeven point is equal to

• €10,000

• 100 units

• 1,000 units

• €1,000

The payment of dividends to shareholders has an impact on

• The cash position of the company

• The income before tax of the company

• Both the cash position and the income before tax of the company

• Nothing from an accounting point of view

What is the best way to put together a business plan?

• Concentrate on the section that you know most about

• Prepare the introduction and overview first so you have some direction

• Give your full attention to each section, without distraction

• Develop the plan as a whole so that it's unified

Which is not a start-up expense

• Rent

• Supplies

• Depreciation

• Advertising

The roles of a Business Plan are

• To inform

• To forecast

• To decide

• Answers a, b and c all together

The purpose of a market study is

• To validate the calculation of the break-even point

• To make yourself known from the public

• To satisfy the investors

• To help elaborate a strategy

In order to come up with a strategy, I should first

• Do the financial forecasts

• Ask my banker for a loan

• Compute the full cost per unit of my product

• None of the above answers (a, b, c) are correct

A way of creating value for the customer:

• Innovation

• Quality

• Personalisation

• Cost Reduction