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Writing a Business Plan Flashcards | StudBud
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Writing a Business Plan
Writing a Business Plan
10 terms
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StudBud Administration
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11,466 plays
Entrepreneurship, Business Plans
Flashcards
10 cards
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Practice quiz
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Questions
10
Answers
1
The 'Growth Plan' is where you discuss opportunities for business/product expansion.
True
False
2
What is the purpose of a business plan?
All of the above
Obtain finances for your startup
Organize and analyze your goals
Provide an outline to follow
3
Which section would you list research about customers, geographic region, competitors, etc?
Market Analysis
Finance Plan
Operational Plan
Growth Plan
4
In the 'Executive Summary' you should include what makes your business/product/service unique.
True
False
5
Where would you list the ideas you have to promote your product/service and gain customers?
Marketing Plan
Financial Plan
Organizational Plan
Product/Service Plan
6
For the 'Management Plan' you list your qualifications along with any partner qualifications.
True
False
7
What do you describe in the 'Operational Plan' section of your business plan?
Your day to day operations
Your industry research
Your management strategy
Your marketing strategy
8
Business plans should be lengthy and involve a lot of in depth research about your idea.
False
True
9
Your business plan helps YOU stay organized when starting your business and it helps who else?
Investors
All of the above
Lendors
Banks
10
Which part of the business plan provides an overview of your business and your goals.
Growth Plan
Management Plan
Product/Service Plan
Executive Summary
