stud
bud
Sign up
Log in
Home
Library
Explore
SAT
More
Business Plans Flashcards | StudBud
Explore
/
Business Plans
Business Plans
20 terms
·
StudBud Administration
·
218 plays
Imported from external platform
Flashcards
20 cards
F
Practice quiz
P
Host live
L
Questions
20
Answers
1
A written document that describes all the steps necessary for opening and operating a successful business
Cover Letter
Executive Summary
Statement of purpose
Business Plan
2
Letter that introduces and explains an accompanying document or set of documents
Exit Strategy
Executive Summary
Cover Letter
Business Plan
3
Business Plans are not important
True
False
4
Short restatement of the report portion of a business plan
Executive Summary
Exit Strategy
Business Plan
Cover Letter
5
The financial management lets you identify risk and how to deal with it
False
True
6
Rent, Water, Electricity, Employee Pay is a....
Fixed Cost
Variable Cost
7
BP will not help you secure financing for your business
False
True
8
You should have supportive people around you
False
True
9
The way an entrepreneur intends to leave and take his or her money from a business is called....
Cover Letter
Exit Strategy
Get me outta here!!!!!
Business Plan
10
Resources needed for your products that are sold is a....
Variable Cost
Fixed Cost
11
All Business Plans are alike
True
False
12
What is NOT a basic element of Business Plans
Summary
Community
Marketing
Operations
13
What is a mistake people make when writing their BP's?
Poor Research
Well Researched Financial Projections
Defined Target Market
Researched Competition
14
You should not include any negative data in your business plan
False
True
15
The government provides information on the community that businesses can use
True
False
16
BP explains the idea behind your business and spells out your product/service
False
True
17
Fixed Costs Change every month
False
True
18
How does a business plan help your business?
Secure Financial Aid
All of the above
Sets goals
Plans out operations
19
Which of these is a resource you can use as research for your Bus. Plan?
Online Resources
Professional Resources
Print Resources
Financial Management
20
You should include which of the following in your Business Description
What your selling
Your start up costs
Your competition
Description of Target Market
