IDP x Griffith Quiz

Which state is Griffith University located in?

• Victoria

• New South Wales

• Queensland

• Western Australia

Dr Dharmesti has a PhD in...

• Finance

• Accounting

• International Business

• Marketing

What is a business plan?

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

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

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

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

Why do you need a business plan?

• To explain your idea

• it's a road map that sets objectives and goals for the business.

• The ability to get financing.

• To help reduce the risk of business failure.

• All of the above

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.

What should we think about when creating a business plan?

• The unique selling point

• The target market

• The business goals

• The purpose of the business

• All of the above

Which part of a business plan describes the product or service that we offer?

• Strategy

• Financials

• Market

• Product/Service

Which part of a business plan is about cash flow, profit & loss, and break even?

• Strategy

• Financials

• Market

• Product/Service

Which part of a business plan talks about track record, experience, skills, and partners?

• Strategy

• Company

• Executive Summary

• Management Team

Which plan should a company use to make customers aware of its products/services?

• Product and Service plan

• Marketing plan

• Financial plan

• Growth plan