Which 2 pieces of information would you need to project the sales of a new fitness club?

The number of members and the monthly membership fee

Which one of the lists below includes ONLY regular sections of a business plan?

Product, Financial Projections, Funding Requirement

What is the best definition of a business plan?

A plan for the development of the business incl. forecasts

Which is most likely to be part of your financial projections?

Expected sales, costs and cash flows

What content are you most likely to find under the title "Markets" in a business plan?

Age, gender and other characteristics of potential customers

Why is it crucial to include information on the management team in your business plan?

Expertise and experience are crucial for business success

Which one of the businesses below would be direct competitors of a new local bowling alley?

Odeon Cinemas and Laser Quest next door

Which one of the items below is NOT a typical reason to write a business plan?

To demonstrate good literacy skills

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Business Plans -2.1.4 - Edexcel - A-level

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A recap of the topic of Business plans. Created for Edexcel but other exam boards maybe similar.

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Questions 10

Answers

1
Which 2 pieces of information would you need to project the sales of a new fitness club?
The number of members and the monthly membership fee
The opening hours and the type of equipment installed
The surface area and the number of showers
The age of your customers and their exercise habits
2
Which one of the lists below includes ONLY regular sections of a business plan?
Executive summary, Market, Product, Management, Holidays
Marketing, Financial Projections, Mgmt Team's Birthdays
Executive summary, Colour Scheme, Production/Operations
Product, Financial Projections, Funding Requirement
3
What is the best definition of a business plan?
A description of how sales are generated
A list of the equipment the business needs to buy
The company's management's daily schedule
A plan for the development of the business incl. forecasts
4
Which is most likely to be part of your financial projections?
Expected sales, costs and cash flows
The colour of your product's packaging
The parking spaces available to your customers
The opening hours of you business
5
What does USP stand for when talking about business plans?
Urban Services Plan
United States Penitentiary
Unique Selling Point
Universal Self-Loading Pistol
6
External sources of finance won't require seeing a business plan before investing in a business.
False
True
7
What content are you most likely to find under the title "Markets" in a business plan?
The location of the company's headquarters
Current price of fruits and vegetables
The types of products the business intends to sell
Age, gender and other characteristics of potential customers
8
Why is it crucial to include information on the management team in your business plan?
Expertise and experience are crucial for business success
Banks need to know where to find key managers
In order to avoid discrimination
It will be easier for managers to remember all the names
9
Which one of the businesses below would be direct competitors of a new local bowling alley?
Costa Cafe and Starbucks
Happy Tails Doggy Daycare
Odeon Cinemas and Laser Quest next door
Tesco's and Boots nearby
10
Which one of the items below is NOT a typical reason to write a business plan?
To show that cash flows are sufficient for survival
To obtain finance from banks or investors
To demonstrate good literacy skills
To prove that there is strong demand for the product

Business Plans -2.1.4 - Edexcel - A-level Flashcards | StudBud