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

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

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

To demonstrate good literacy skills

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 lists below includes ONLY regular sections of a business plan?

Product, Financial Projections, Funding Requirement

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

Expertise and experience are crucial for business success

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

Age, gender and other characteristics of potential customers

studbud

Business Plans

10 termsStudBud Administration8 plays

This is a starter activity to follow up on previous learning - Y10 Business Studies

Flashcards10 cardsFPractice quizPHost liveL

Questions 10

Answers

1
Which 2 pieces of information would you need to project the sales of a new fitness club?
The surface area and the number of showers
The number of members and the monthly membership fee
The opening hours and the type of equipment installed
The age of your customers and their exercise habits
2
What is the name of the first section of the business plan listing its main conclusions?
Funding Requirements
Marketing Plan
Sales Forecast
Executive Summary
3
What is the best definition of a business plan?
A description of how sales are generated
The company's management's daily schedule
A plan for the development of the business incl. forecasts
A list of the equipment the business needs to buy
4
Which is most likely to be part of your financial projections?
The opening hours of you business
Expected sales, costs and cash flows
The parking spaces available to your customers
The colour of your product's packaging
5
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
6
Which one of the businesses below would be direct competitors of a new local bowling alley?
Costa Cafe and Starbucks
Odeon Cinemas and Laser Quest next door
Tesco's and Boots nearby
Happy Tails Doggy Daycare
7
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
8
Why is it crucial to include information on the mgmt team in your business plan?
Banks need to know where to find key managers
In order to avoid discrimination
Expertise and experience are crucial for business success
It will be easier for managers to remember all the names
9
What does USP stand for when talking about business plans?
Urban Services Plan
United States Penitentiary
Universal Self-Loading Pistol
Unique Selling Point
10
What content are you most likely to find under the title "Markets" in a business plan?
Current price of fruits and vegetables
Age, gender and other characteristics of potential customers
The types of product the business intends to sell
The location of the company's headquarters

Business Plans Flashcards | StudBud