E4 S8 BTP

What is the definition of a UVP?

• The legal protection granted to a business idea

• The financial goals and objectives of a business

• The process of distributing products to customers

• The unique benefit or advantage offered by a product or service

What is the purpose of a balance sheet in a business plan?

• To outline the marketing strategies of the business

• To project future revenue and expenses

• To summarize the financial position of the business at a specific point in time

• To determine the target market for the business

What is the definition of gross profit in financial terms?

• The total revenue generated by a business

• The total expenses incurred by a business

• The profit after deducting all operating expenses

• The profit before deducting the cost of goods sold

What does the term "cash flow" refer to in financial terms?

• The revenue generated from sales

• The total assets of a business

• The movement of money in and out of a business

• The expenses incurred by a business

What is the significance of a break-even analysis in financial planning?

• It helps determine the target market for a business

• It identifies the competitors in the industry

• It calculates the point at which a business becomes profitable

• It assesses the operational efficiency of a business

Which sentences contain an error in the use of comparative adjectives in a business plan context?

• Our company offers more competetive prices than our competitors

• Our company offers most competetive prices than our competitors

• Our company offers very competetive prices than our competitors

• Our company offers competetive prices compared to our competitors

Which question would not be appropriate to ask yourself when preparing the target market section of your marketing plan?

• Where do they live?

• What are the local and/or national trends in your industry?

• Is the market stable, growing or shrinking.?

• How much do your competitors charge?

What question would not be appropriate to ask yourself when preparing the execution/operation section of your business plan?

• How will you expand your market base?

• Who will manage the business?

• Will you pay salaries or hourly wages?

• How will you train your employees?

Which of the following is a primary component of a target market analysis?

• Assessing the internal strengths and weaknesses of the business

• Identifying the legal structure of the business

• Analysing the needs, preferences, and demographics of potential customers

• Evaluating the financial performance and profitability of the business

What does the term "ROI" stand for in business finance?

• Return on Investment

• Revenue Over Income

• Risk of Investment

• Rate of Investment