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Business Plan Vocabulary Quiz Flashcards | StudBud
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Business Plan Vocabulary Quiz
Business Plan Vocabulary Quiz
20 terms
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StudBud Administration
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207 plays
Entrepreneurship Class for Business Plans
Flashcards
20 cards
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Practice quiz
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Questions
20
Answers
1
The Executive Summary is important because if not done well the reader may not ???
Fund the Money
Run the business
Continue Reading
Like the Entrepreneur
2
A description of how entrepreneurs plan to make money with their business concept.
Business Model
Business Concept
Business Plan
Business Cycle
3
A comprehensive document that enables an entrepreneur to develop a business strategy
Management Team Plan
Executive Summary
Busines Plan
Marketing Plan
4
The general pattern of expansion and contraction that the economy goes through is known as the?
Business Environment
Business Cycle
Business Concept
Business Model
5
The Management Team Plan contains all of the following except?
Description of the Business Opportunity
Resume
Qualifications
Brief History
6
This section comprises National, Industry, and Local Trends that will affect the business?
Executive Summary
Business Environment
Financial Plan
Conclusion
7
The last section to write for the business plan is usually the
Financial Plan
Executive Summary
Marketing Plan
Vision Statement
8
This section indicates to bankers and investors that management can run the business.
Financial Team
Management Team
Marketing Plan
Business Environment
9
This section summarizes the plan by pointing out the assumptions and risks involved.
Executive Summary
Business Environment
Conclusion
Mission Statement
10
The Business Concept contains all of the elements except one.
Customer
Product/Service
Benefit
Distribution
11
This plan section includes activities assigned to specific individuals ?
Business Environment
Marketing Plan
Financial Team
Management Team Plan
12
This section focuses on the purpose of the business, the products, & the management philosophy
Mission Statement
Executive Summary
Financial Plan
Vision Statement
13
All of the following Factors are included in the Business Environment Section except one ?
Target Markets
Demographic Changes
Social Trends
Legal Requirements
14
This plan describes how you will compete in the marketplace.
Marketing Plan
Management Team Plan
Financial Plan
Conclusion
15
The Executive Summary can also take the form of this ?????
Resume
Cover Letter
Table of Contents
Conclusion
16
The Financial Data Section will contain all of the following except.
Cash Flow Statement
Income Statements
Resume
Balance Sheet
17
Products, pricing strategy, location, and promotional strategies are also known as ????
The Four Ps
Management Plan
Business Plan
Mission Statement
18
The Mission Statement section also contains a ___________.
Resume
The Four Ps
Vision Statement
Cover Letter
19
In order to secure financing this section must be as detailed as much as possible.
Business Model
Financial Data
Executive Summary
Management Team
20
The Overview of the entire business plan is found in what section?
Business Environment
Mission Statement
Executive Summary
Conclusion
