Small Business Management

Business

Quiz 4 :

The Business Plan

Quiz 4 :

The Business Plan

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Although passion is needed to run a business, it must be tempered with logic and rationality to bring success. A business plan does this by ______.
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C

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Many people just starting a new business focus on ______.
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B

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Factors such as uses for the product, patents and trademarks, and how the product is different will be found in which of the following sections?
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C

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Warren is in the process of developing a business plan, so he visits a nearby Small Business Development Center to get guidance. Which of the following is the best advice that could be given by the SBDC?
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Which of the following people is most qualified to write the business plan for a proposed new business?
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Which of the following areas is addressed in the marketing research section of the business plan when the target markets are identified by some common variable?
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Descriptions of factors such as the background of the company, your competitive advantage, company objectives, and the legal business form would be found in which of the following sections?
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In general, how many pages should the business plan contain?
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Which of the following questions will bankers first ask potential small business owners?
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A good executive summary provides the opportunity to develop an elevator pitch. What is an elevator pitch?
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In terms of appearance, a business plan should be ______.
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Which of the following areas is addressed in the marketing research section of the business plan when the price leader, the quality leader, and the service leader are identified?
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A condensed abstract of a business plan used to spark reader interest and to highlight critical information is called a/an ______.
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______ involves identifying trends and changes that are happening at the national and international levels that may influence the future of a small business.
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A small business plan should be written by ______.
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Daniel is preparing a business plan for the carwash that he plans to open. He is writing a one-page abstract of the plan to highlight crucial information and to spark readers' interest. This abstract is part of which business plan component?
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Free or inexpensive business planning assistance is available from ______.
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In writing her business plan, Rita wants to include an honest portrayal of the setbacks that she had come up against along the way in forming the business. This would fit under which area of the business plan?
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A document that tests the feasibility of a business idea, describes ways to raise capital, and serves as a road map for future operations is called a ______.
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In the building blocks for the business model canvas, value proposition includes ______.
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