5.3 Importance of a business plan

5.3 Importance of a business plan

10th - 11th Grade

10 Qs

quiz-placeholder

Similar activities

International Business FInancing

International Business FInancing

11th - 12th Grade

10 Qs

Module 1 Quiz

Module 1 Quiz

11th Grade - University

15 Qs

Chapter 7 Business review quiz

Chapter 7 Business review quiz

9th - 12th Grade

15 Qs

10 Entrepreneurship

10 Entrepreneurship

10th Grade

12 Qs

DPP BM Wk 5

DPP BM Wk 5

10th Grade

10 Qs

SGS Business 2.3.6 The Sales Process

SGS Business 2.3.6 The Sales Process

9th - 11th Grade

15 Qs

Revenue, costs, Profit

Revenue, costs, Profit

10th - 11th Grade

10 Qs

IGCSE Business Studies: Price (Lesson 1)

IGCSE Business Studies: Price (Lesson 1)

9th - 10th Grade

8 Qs

5.3 Importance of a business plan

5.3 Importance of a business plan

Assessment

Quiz

Business

10th - 11th Grade

Medium

Used 21+ times

FREE Resource

10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Define what is meant by a business plan

A written document that details an idea and how a business aims to achieve its objectives. Usually created when a new business is forming or when a business is applying for finance.

A financial statement that summarizes the revenues, costs, and expenses incurred during a specified period, usually a fiscal quarter or year.

2.

MULTIPLE SELECT QUESTION

1 min • 1 pt

Why is a business plan needed?

Identify 3 reasons

To obtain finance

Help identify potential problems .e.g financial shortages

Measures progress towards goals e.g. sales forecasts

Generate revenue for a brand

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Identify what information is likely to be included about the business idea

The goals of the business, usually set as S.M.A.R.T and how it will achieve them.

Information about its customer, including customer profiling

Outline of costs to include: staff, stock, buildings, insurance etc...

What product or service the business will provide

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Identify what information is likely to be included about a businesses target market

The goals of the business, usually set as S.M.A.R.T and how it will achieve them.

Information about its customer, including customer profiling

Outline of costs to include: staff, stock, buildings, insurance etc...

What product or service the business will provide

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Identify what information is likely to be included about a businesses aims and objectives

The goals of the business, usually set as S.M.A.R.T and how it will achieve them.

Information about its customer, including customer profiling

Outline of costs to include: staff, stock, buildings, insurance etc...

What product or service the business will provide

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Identify what information is likely to be included about a businesses costs

The goals of the business, usually set as S.M.A.R.T and how it will achieve them.

Information about its customer, including customer profiling

Costs arising from: staff , stock, buildings, insurance etc...

What product or service the business will provide

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Identify what information is likely to be included about a businesses source of finance

Where finance has been obtained, the amount and term i.e. NatWest £35,0000 secured over 5 years at £660p/m

Information about its customer, including customer profiling

Costs arising from: staff , stock, buildings, insurance etc...

What product or service the business will provide

Create a free account and access millions of resources

Create resources

Host any resource

Get auto-graded reports

Google

Continue with Google

Email

Continue with Email

Classlink

Continue with Classlink

Clever

Continue with Clever

or continue with

Microsoft

Microsoft

Apple

Apple

Others

Others

By signing up, you agree to our Terms of Service & Privacy Policy

Already have an account?