Entrepreneurship for ABM & Non-ABM Module 3 - Quizizz Icebreaker

What is the main purpose of a business plan?

• To guide management in a rapidly changing market environment

• To create financial plans for the business

• To manage production operations

• To develop marketing strategies

Who can help prepare the business plan?

• Entrepreneur

• Certified Public Accountants

• Marketing Consultants

• All of the above

Who may read the business plan?

• Employees

• Investors

• Suppliers

• All of the above

What is the first step in preparing a business plan?

• Conducting a feasibility study

• Developing a marketing plan

• Creating financial statements

• Identifying potential investors

What is the purpose of the Executive Summary in a business plan?

• To highlight the key points of the business plan

• To provide a summary of the business plan's content

• To stimulate the interest of the reader

• All of the above

What does the Business Profile section of a business plan include?

• Product or Service Description

• Vision, Mission, Goals, and Objectives

• All of the above

• Size of the Proposed Business

What is the purpose of a Business Model in a business plan?

• To define how the enterprise delivers value to customers

• To determine the viability of the venture in a designated market

• To describe the location of the business

• To identify the number of manpower required

What is the basic type of business model that involves selling and re-selling products to customers?

• Franchise

• Manufacturer

• Distributor

• Retailer

Which business model offers a basic service for free and charges for premium services?

• Freemium

• High Touch

• Nickel and Dime

• Bricks and Clicks

What is the correct order of the components of a Business Plan?

• Executive Summary - Introduction - Business Profile - Organization Plan - - Marketing Plan - - Financial Plan - Operations and Production - Social Impact

• Executive Summary - Introduction - Organization Plan - Business Profile - Operations and Production - Marketing Plan - Financial Plan - Social Impact

• Executive Summary - Introduction - Business Profile - Organization Plan - - Marketing Plan - Operations and Production - Financial Plan - Social Impact

• Executive Summary - Introduction - Business Profile - Organization Plan - Operations and Production - Marketing Plan - Financial Plan - Social Impact