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Entrepreneurship-Business Plan 1 Flashcards | StudBud
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Entrepreneurship-Business Plan 1
Entrepreneurship-Business Plan 1
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StudBud Administration
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business plan review
Flashcards
10 cards
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Practice quiz
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Host live
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Questions
10
Answers
1
Your business plan should never list any risks or potential problems the business could face.
True
False
2
You should never reveal any financial information in a business plan
True
False
3
Your business plan needs to convince readers that you have come upwith a practical business
False
True
4
In which section will you find information about customers demographics (age, income, location)
The Operations section
the financial management section
The Marketing section
The Introduction section
5
Which of the following is NOT one of the main purposes of a business plan?
it describes the backgrounds & experience of the team
it sets specific businessobjectives
it includes sales goals for at least 10-12 years
it explains the idea behind a business
6
A business plan
is not usually needed to secure financing for your business
can serve as a tool formanaging your business
is useful once yourbusiness is operational but is not later
all of these
7
Which of the following is NOT included in the introductory elements of a business plan?
tax returns of the businessowner
title page
cover letter
statement of purposes
8
Business plans should never be handwritten.
False
True
9
Which section contains information about earning projections, future income and loans
The Marketing section
The Introduction section
The Operations section
the financial management section
10
An strategy used by an entrepreneur to extract his/her money from a successful business.
Operation strategy
Selling strategy
Correction stratery
Harvest strategy
