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Elements of a Business Plan Flashcards | StudBud

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Elements of a Business Plan

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Questions 6

Answers

1
Job descriptions and employee skills needed
Organizational Plan
Marketing
Financial Plan
Goals and Objectives
2
Comparison of product or service with competitors
Financial Plan
Marketing Plan
Goals and Objectives
Nature of Business
3
Basic results expected in the short & long run. Expressed in terms of sales volume or profits.
Organizational Plan
Financial Plan
Nature of Business
Goals and Objectives
4
Which of the following is not a benefit of a business plan?
guaranteed acquisition of income for start up
Helps create a well-designed, realistic plan
see risk and responsibilities in starting a new business
write goals and gives confidence
5
Projected income, expenses, and profit
Marketing
Organizational Plan
Financial Plan
Goals and Objectives
6
A written document describing the nature of a business, goals, & objectives, & how to achieve
Business Plane
Marketing Plan
Business Representative
Business Plan