Chapter 8: Business Plan Quiz

What is the primary objective of preparing a business plan?

• To design a logo

• To hire new employees

• To create a marketing strategy

• To evaluate the viability of the planned business

Who are the typical readers of a business plan?

• Only the entrepreneur

• Investors and financial institutions

• Entrepreneur and customers

• Government agencies

What section comes first in the outline of a business plan?

• Introduction

• Main Body

• Cover Page

• Executive Summary

Which of the following is NOT included in the Administrative Plan?

• Organizational Chart

• Business and Operation Hour

• Vision, Mission & Objectives

• Personnel Roles & Responsibilities

What does the Financial Plan include?

• Project Implementation Cost

• Marketing Strategy

• Market Analysis

• Sales Forecast

What is the purpose of the Executive Summary?

• To provide a detailed financial analysis

• To convince relevant parties that the business is feasible and viable

• To give a brief overview of the business

• To outline the marketing strategy

Which of the following is a component of the Marketing Plan?

• Business Background

• Sales forecast

• Operational Layout

• Business and operation hours

What should be included in the Appendices of a business plan?

• Business logo

• Supporting documents

• License and permit

• Product or service description

What is one of the reasons for preparing a business plan?

• To comply with SSM requirement

• To conduct market research

• To apply for business financing

• To create a product prototype

What does the Operational Plan focus on?

• Competitor analysis

• Personal roles and responsibilities

• Financial projections

• Process planning and operation layout