What is a business plan?
Business Plan

Quiz
•
Social Studies
•
12th Grade
•
Hard
John Robinson
FREE Resource
25 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Written document that only outlines the business practices of the new business.
Written document that describes the financial aspects of the business.
Written document that only describes the ownership of the business.
Written document that describes all the steps necessary for opening and operating a successful business.
2.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Why do you need a business plan?
To explain your idea
the ability to get financing.
it's a road map that sets objectives and goals for the business.
To help reduce the risk of business failure.
All of the above.
3.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
A(n) _________ is someone who sets up a new business to make a profit.
monopoly
corporation
entrepreneur
anarchist
4.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What is the primary purpose of a business plan in social studies?
To outline the historical development of businesses
To describe the cultural impact of businesses
To provide a roadmap for business success
To analyze the economic theories related to business
5.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Which section of a business plan is crucial for understanding the target market?
Executive Summary
Market Analysis
Financial Plan
Appendix
6.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
In social studies, how does a business plan contribute to understanding economic systems?
By detailing the business's marketing strategies
By explaining the business's role in the economy
By listing the business's competitors
By describing the business's organizational structure
7.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What is a common characteristic of a successful business plan?
It is lengthy and complex
It is clear and concise
It is vague and open-ended
It is focused solely on profits
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