Business plans should include

information that is honest and objective

subject to change as the business grows

Each page of the business plan should begin with

a short one or two paragraph summary

Products Offered include

advantages over the competition

business plans must focus on

quality, they must include necessary and clear information

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Parts of a Business Plan

20 termsStudBud Administration283 plays

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Questions 20

Answers

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

Parts of a Business Plan Flashcards | StudBud