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The Business Plan
The Business Plan
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Test prep for Chapter 5 in Entrepreneurship
Flashcards
19 cards
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Practice quiz
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Questions
19
Answers
1
The process used to test a business concept (idea)
value chain
consumer trend
focus group
feasibility analysis
2
Exceeding industry averages
A mistake in preparing the business plan
Impresses investors
Industry overview
Growth plan
3
A government agency that provides services to new entrepreneurs
Better Business Bureau
Census Bureau
Small Business Administration (SBA)
Internet
4
Group of businesses with a common interest
association
manufacturer
industry
trade union
5
In projecting growth levels, investors will be impressed by
underestimating the need for capital
large sales figures
conservative calculations
communication skills
6
A brief summary of the key points in a business plan
Company Description
Executive Summary
Industry overview
Operational Plan
7
When you have a feasible concept, the next step is to develop a/an
financial analysis
feasibility analysis
industry
business plan
8
The financial plan presents _____ for the future of the business
forecasts
studies
past financial performances
trends
9
Describes how you intend to make money with your business concept
business model
trend
brainstorm
prototype
10
The distribution channel process from producer to consumer
direct channel
indirect channel
value chain
highway system
11
A chart or template for developing a business model
Business model canvas
Business plan
SWOT
Forecast
12
Looks at the people aspects of the business
growth plan
organizational plan
contingency plan
business plan
13
Offers technical and general assistance in a specific profession
trade mission
trade association
chamber of commerce
banking institution
14
The means (way) you deliver a product to a customer
business model canvas
layout
distribution channel
direct channel
15
Those most likely to buy a product
trade organizations
manufacturers
other businesses
target customers
16
How a company makes its customers aware of its products and services
Operational plan
Marketing plan
Growth plan
Market analysis
17
Expresses the specific goals of the company
vision statement
mission statement
blueprint
flow chart
18
A clear and concise description of an opportunity
business plan
business concept
feasibility analysis
business model
19
To develop a new product, first you need to create a
account
prototype
plan
layout
