What content are you most likely to find under the title "Markets" in a business plan?

Age, gender and other characteristics of potential customers

Which one of the businesses below would be direct competitors of a new local bowling alley?

Odeon Cinemas and Laser Quest next door

What is the best definition of a business plan?

a document outlining objectives and the strategies used to achieve them

Which 2 pieces of information would you need to project the sales of a new fitness club?

The number of members and the monthly membership fee

Which is most likely to be part of your financial projections?

Expected sales, costs and cash flows

Tests the viability of the business, the owner’s ability & commitment

Which one of the items below is NOT a typical reason to write a business plan?

To demonstrate good literacy skills

studbud

A2 Business Plans

13 termsStudBud Administration22 plays

This is a starter activity to follow up on previous learning - Y10 Business Studies

Flashcards13 cardsFPractice quizPHost liveL

Questions 13

Answers

1
Which part of the business plan provides an overview of your business and your goals.
Growth Plan
Product/Service Plan
Executive Summary
Management Plan
2
What content are you most likely to find under the title "Markets" in a business plan?
The location of the company's headquarters
The types of product the business intends to sell
Current price of fruits and vegetables
Age, gender and other characteristics of potential customers
3
A competitive analysis should be included in which component of the business plan?
Market Analysis
Financial Summary
Appendices
Executive Summary
4
A business plan is NOT intended for:
your partners
potential investors
your competition
your bank
5
What is the name of the first section of the business plan usually known as?
Sales Forecast
Funding Requirements
Executive Summary
Marketing Plan
6
Which one of the businesses below would be direct competitors of a new local bowling alley?
Tesco's and Boots nearby
Costa Cafe and Starbucks
Happy Tails Doggy Daycare
Odeon Cinemas and Laser Quest next door
7
What is the best definition of a business plan?
a document outlining objectives and the strategies used to achieve them
A plan for the development of the business incl. forecasts
A list of the equipment the business needs to buy
A description of how sales are generated
8
A business plan:
helps you organize your business goals
helps lenders determine if you're a good business risk
helps investors analyze your potential for success
All of the above
9
Which 2 pieces of information would you need to project the sales of a new fitness club?
The surface area and the number of showers
The age of your customers and their exercise habits
The number of members and the monthly membership fee
The opening hours and the type of equipment installed
10
Which is most likely to be part of your financial projections?
Expected sales, costs and cash flows
The colour of your product's packaging
The parking spaces available to your customers
The opening hours of you business
11
A business plan
Helps an owner to decide if the business is going to be popular
Identifies the best way to be successful
Identifies the best time for the business to open
Tests the viability of the business, the owner’s ability & commitment
12
What does USP stand for when talking about business plans?
Urban Services Plan
United States Penitentiary
Unique Selling Point
Universal Self-Loading Pistol
13
Which one of the items below is NOT a typical reason to write a business plan?
To show that cash flows are sufficient for survival
To obtain finance from banks or investors
To demonstrate good literacy skills
To prove that there is strong demand for the product

A2 Business Plans Flashcards | StudBud