business plans must focus on

quality, they must include necessary and clear information

subject to change as the business grows

Business plans should include

information that is honest and objective

Each page of the business plan should begin with

a short one or two paragraph summary

Products Offered include

advantages over the competition

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Parts of a Business Plan

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Questions 20

Answers

1
business plans must focus on
quality, they must include necessary and clear information
quantity, they must be short and brief
quality, they must be overly academic to sound professional
quantity, they must be long and thorough
2
What does a Market Analysis include?
public relations
balance sheets
advertising
Information on target market
3
Business plans are
permanent documents
temporary; must be changed every week
subject to change as the business grows
the end of the entrepreneurial process
4
What is the executive summary?
products offered
market analysis
the heart of the business plan
table of contents
5
Management plans:
all of the above
info on employee skills, experience, and accomplishments
vacant positions
organizational structure
6
Business plans should include
information about what you wish the business had
statistics your business plans to have but does not have yet
information that is honest and objective
wordy information so your business plan seems longer
7
Why write a business plan?
to get to know your business better
set goals
All of the above
refine your thoughts
8
What is included in a cover page?
company description
table of contents
products offered
phone number
9
True or false: Management plans include personnel costs
False
True
10
Executive summary
must be concise
all of the above
must be intriguing
must be clear
11
True or False? Table of contents makes it hard for readers to locate sections
False
True
12
The executive summary
Should be written last
Should be written first
Must have a boring, academic tone
Must be long
13
What is your company's business model?
business model in written form
spoken plan for business
written business idea
14
Strategy and implication include
all of the above
advertising
public relations
marketing
15
Goods and services must be described in
layman's terms
Spanish
business jargon
Greenwaynese
16
Each page of the business plan should begin with
a quote by a famous entrepreneur
a short one or two paragraph summary
a funny anecdote
all the scrupulous details of your business
17
What does the cover page contain
the owner or CEO's name
date the plan was created or revised
all of the above
business address
18
Products Offered include
advantages over the competition
key trends
profit generated
resources
19
Appendices:
include a glossary
includes CEO's information
information to support points
include crucial data
20
True or false: Financial Plans include advantages over competition
False
True

Parts of a Business Plan Flashcards | StudBud