
Business Plan Components
Quiz
•
Business
•
9th - 12th Grade
•
Practice Problem
•
Easy
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14 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is included in the Marketing and Sales Plan?
Market analysis and competitor review
Marketing tools and research, advertising, and sales strategy.
Customer feedback and product development
Financial projections and budgeting
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What follows the cover page in a business plan?
Executive Summary
Table of Contents
Market Analysis
Financial Projections
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a Unique Selling Proposition (USP)?
A marketing strategy to increase sales.
A feature that is common among competitors.
What sets your business apart from your competition.
A method for reducing operational costs.
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What should be included in the conclusion of a business plan?
Summary of the mission statement, goals of the business, and main points of the business plan.
Detailed financial projections and budgets for the next five years.
A list of potential investors and their contact information.
An extensive analysis of the competition and market trends.
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What are fixed costs?
Costs that change with the level of production.
Costs that do not change with an increase or decrease in the number of goods or services produced or sold, e.g., salaries and rent.
Costs that vary depending on the sales volume.
Costs that are only incurred during the production process.
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What are variable costs?
Expenses that remain constant regardless of production levels.
Expenses that change in proportion to how much is produced or sold, e.g., raw materials and delivery costs.
Fixed costs that do not vary with production output.
Costs associated with long-term investments in equipment.
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is included in the Operations and Management section?
Outline of how the business will operate on a daily basis.
A summary of the company's financial projections.
A list of the company's marketing strategies.
An overview of the competitive landscape.
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