Exam 3 - Chapter 7-10

Which of the following documents is not usually included in the Financial Plan?

Which type of ownership is the least expensive to start?

As long as the selling price is greater than the ________ cost per unit, some contribution can be made to cover ________

Which of the following would be considered a variable expense?

Which of the following is not a common reason why business plans fail?

The business plan describes both internal and external elements.

For an entrepreneur conducting a self-assesment when starting a buisness plan which skill set would not be considered?

The business plan is designed to guide the entrepreneur:

In a limited partnership, the limited partners:

In a limited liability partnership (LLP) death or withdrawal of a partner:

Fixed operating expenses include all of the following except:

Fixed expenses:

Competitor analysis begins with:

the design decisions involving personnel and their roles and responsibilities reflect the _structure of the organization

Business-to-business marketing involves:

Which form of promotion is too expensive for most entrepreneurs to use?

The depth and detail of a business plan depend on:

Which type of ownership is the most expensive to start?

If the entrepreneur is constantly faced with significant changes in the marketing strategy, then it is likely that:

The management team of a new venture:

________ is projected net profit calculated from projected revenue minus projected costs and expenses.

The sales budget:

In establishing goals and objectives, it is important to:

poor design is a cause for business failure since the entrepreneur often performs all organization functions themselves

The organization plan describes the business

Marketing research begins with:

A company has formal structures and an informal structure which evolves over time. The informal structure is a company's

As the business grows:

When products cannot be easily differentiated:

The cost benefit analysis considers the cash flows and the value of money over a period of time.

Before beginning any social media strategy, it is necessary to identify the:

identifies potential hazards and alternative strategies to meet business plan goals and objectives.

By controlling ________, the firm can ensure maximum service to the customer.

________ is(are) the major source of revenue.

gathering info in order to determine who will buy the product and what is the most appropriate distribution channel

The ________ budget is used to evaluate expenditures that will impact the business for more than one year.

Which of the following is a pitfall of social media?

Which of the following interested parties should not have access to the venture's business plan?

The tendency among many entrepreneurs is to: