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Business Plan
Business Plan
9 terms
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StudBud Administration
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Entrepreneurship, Business Plans
Flashcards
9 cards
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Practice quiz
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Questions
9
Answers
1
What do you describe in the 'Marketing Strategy' section of your business plan?
Advertising and Marketing Campaign Plans
Your day to day operations
Your marketing strategy
Your industry research
2
Which of the following is NOT an element of a business plan?
Assets
Products and Services
Market Analysis
Executive Summary
3
Which part of the business plan outlines the company and includes the mission statement?
Growth Plan
Product/Service Plan
Management Plan
Executive Summary
4
In the 'Financial Planning' you should include financial statements, balance sheets, and future projections.
True
False
5
Operating without a business plan is usually a good idea.
True
False
6
Which part of the business plan includes production and manufacturing processes?
Executive Summary
Financial Planning
Budget
Products and Services
7
Any good company needs to have a budget in place
True
False
8
Where would you list the ideas you have to promote your product/service and gain customers?
Marketing Analysis
Organizational Plan
Financial Plan
Product/Service Plan
9
What is the purpose of a business plan?
Organize and analyze your goals
Obtain finances for your startup
All of the above
Provide an outline to follow
