which of the following is usually included in a business plan mcq

A business plan is a document that defines in detail a company's objectives and how it plans to achieve its goals. A business plan lays out a written road map for the firm from marketing, financial, and operational standpoints. Important Points Sequence of Steps involved in a business plan are as follows: 1. Executive summary:

A brief explanation of why the writer of a business plan is asking for a loan and what she or he plans to do with the money. Why does a business plan help your business? -A business plan makes you think about all aspects of your business. -It may help you secure financing for your business. -Helps you communicate your ideas to others.

all of the above. The purpose of including supporting documents in a business plan is to. provide additional information. Study with Quizlet and memorize flashcards containing terms like Writing a business plan, The main body of a business plan includes which of the following?, A business plan is not intended for and more.

Organizing: grouping of resources in combos that will help you reach your objectives Controlling:Process of comparing expected results w/ actual results Directing: Process of guiding and supervising employees,often one-one while they work Planning: act of setting goals, developing strategies, outlining tasks and time lines

Part 1: 30 business plan quiz questions & answers. 1. Question: What is the primary purpose of a business plan? a) Secure funding. b) Improve employee morale. c) Enhance customer service. d) Increase market competition. Answer: a) Secure funding. 2.

The components of a business plan include an Executive Summary and a Financial Plan. The Executive Summary provides a concise overview of the business plan, highlighting the key points and objectives. It serves as a snapshot of the entire plan and is usually the first section that potential investors or lenders read.

B. List the specific consumers, organizations or businesses that your company serves or will serve. C. (all of these) D. Explain how your products and services meet these needs. Check Answer. 37: Financial Projections are done before Market Analysis and objectives are set. True or False. A. True. B. False.

This would definitely be included in a business plan. In the context of this course, which of the following is NOT given as a type of start-up business plan: Growth business plan This is mentioned as one type of business plan, and would be a detailed description of proposed growth, written for internal or external audiences. Strategic business ...

Quiz and worksheet questions have the following objectives: Identify the section written last. Know the typical timeframe business plans address. Identify a crucial mistake to avoid in preparing a ...

A. Make do with as little resources as possible in order to minimize debt. B. Produce a product as quickly as possible and get customer feedback in order to redesign the product. C. Get the business up and running as quickly as possible in order to start generating revenues.

This means: 34. A Business Plan should not include a section about regulatory issues since this is out of the business owners hands. True or False. 35. The main reason that business fail is due to not having enough? 36. The Purpose of the Company Description in the Business Plan is: 37.

Business plan. 1. Multiple Choice. 2. Multiple Choice. In a business plan, the size, scope, and type of business is explained in the . 3. Multiple Choice. Before starting a particular business, an entrepreneur needs to determine if there is enough ____________for the product.

A (n) ______ plan is a business plan designed to be used internally for management purposes. operatiomal. are the parts of a business or business plan that expose the firm to any kind of loss. Risks. A (n) _____, also called a mini-plan, gives the basic overview of a firm and a detailed look at the firm's financials.

1 pt. Which of the following is an advantage to a new business start-up of producing a business. plan? It will guarantee survival. It will help test financial viability. It will ensure sales targets are met. It will not need to be referred to again by the business owner. 2.

d. all of the above. Upvote (3) Downvote Reply () Report. by Juan Cristobal Martinez Gato , Project Manager / Consulting / Open for opportunities , Atrendia. …See more. The answer is D, all of the above. The business plan includes all of those. Upvote (2) Downvote Reply () Report.

assessing the feasibility of a business or project. ? setting objectives and budgets. ? Though this knowledge is important, writing a business plan involves much more than this. ? calculating how much money is needed. Managers and investors are generally looking for the same things in a business plan. True/False?

A (n) _____ is a one-page document on letterhead that introduces the business plan and owner to the recipient and indicates why the recipient is being asked to read the plan. Which of the following components gives an overview of the business, it's business model, market, expectations, and immediate goals? A (n) _____ is a very simple 5-10 word ...

Practice for BBA or MBA exams using these MCQ. Page 19. ... A key aspect of the financial section of the business plan is _____. A statement of management skills. A realistic sales forecast. ... which is included in the project cost, is estimated on the basis of the year when the enterprise breaks even.

A. The system of components, linkages and associated dynamics, which that make commercial advantage of the Internet. B. A business model describes the rationale of how an organization creates, delivers and captures value. C. Business models identify where the resources necessary to establish a venture will come from.

Key features of a well written business plan would include all of the following except: A. financial plan: B. description of the product: C. an analysis of the market: D. a review of the advertising firms analyzed: Answer» D. a review of the advertising firms analyzed

This test includes 25 multiple choice questions (MCQs) covering an i ntroduction to business and business ethics. It will be helpful for accounting and finance students as a tool to prepare for exams or interviews. In this quiz, each question has 4 options. You need to choose the correct option to move onto the next question.

Question: MULTIPLE CHOICE 1. Which of the following is not one of the basic objectives of the business plan? a. It identifies the nature and context of the business opportunity b. It outlines the approaches other entrepreneurs have taken in the same industryc. It serves as a tool for raising financial capital.

Study with Quizlet and memorize flashcards containing terms like Which one of the following is usually included on the cover page of the business plan?, The type of corporation that avoids the issue of double taxation is called a(n):, Which one of the following is true concerning the product/service description section of the business plan? and more.