entrepreneurship chapter 2

Question 1

Where would the executive summary be located?

Accepted Answer

introductory elements

Question 2

The Introduction section of the main body of the business plan should include what?

Accepted Answer

competitive advantages, detailed description, ownership and legal structure, skills/expreience

Question 3

SCORE is made up of what group?

Accepted Answer

retired business executives

Question 4

What does VC stand for?

Accepted Answer

venture capitalists

Question 5

The Operations section of the business plan should include what?

Accepted Answer

equipment necessary to run the business

Question 6

What do VC's do?

Accepted Answer

invest money for a share of equity in the business

Question 7

Which section of the business plan includes identifying potential risks?

Accepted Answer

Financial Management

Question 8

Once your business plan is finished you never need to make any adjustments to the plan.

Accepted Answer

false

Question 9

A business plan can be hand written

Accepted Answer

false

Question 10

The operations section would be included in the main body of the business plan

Accepted Answer

true

Question 11

what should be in the appendix?

Accepted Answer

letter of recommendation

Question 12

Supporting documents would be included where?

Accepted Answer

appendix

Question 13

The marketing section of the business plan should include what?

Accepted Answer

info about target market

Question 14

What introductory elements should you have in your business plan?

Accepted Answer

cover letter, executive summary, statement of purpose, title page

Questions 14