Business Plan Assessment: Quiz!

8 Questions | Total Attempts: 222

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Business Plan Assessment: Quiz!

Do you think you know what business plan assessment is? For this quiz, you will need to know why a business plan is directed solely at a specialized target market, a value proposition, what entails a successful and active business model, and the essential part of your business plan. This quiz was designed to teach you to assess your success; best of luck.


Questions and Answers
  • 1. 
    My business plan was written for a clearly identified and understood target market.
    • A. 

      Absolutely

    • B. 

      Largely

    • C. 

      Partially

    • D. 

      Not well addressed

  • 2. 
    My pricing and channel to market assumptions have been validated by channel partners and/or customers.
    • A. 

      Absolutely

    • B. 

      Largely

    • C. 

      Partially

    • D. 

      Not well addressed

  • 3. 
    My business plan clearly identifies the value proposition from a customer or channel perspective.
    • A. 

      Absolutely

    • B. 

      Largely

    • C. 

      Partially

    • D. 

      Not well addressed

  • 4. 
    My business model is well understood and clearly identified using a 1-page diagram.
    • A. 

      Absolutely

    • B. 

      Largely

    • C. 

      Partially

    • D. 

      Not well addressed

  • 5. 
    My business plan clearly articulates a proposition and desired action by the target audience.
    • A. 

      Absolutely

    • B. 

      Largely

    • C. 

      Partially

    • D. 

      Not well addressed

  • 6. 
    My financial model clearly identifies the core business drivers and enables users to test different assumptions.  It covers a forecast period of 5 years and includes an integrated income statement, cash flow statement, and balance sheet.  The break-even point is highlighted.
    • A. 

      Absolutely

    • B. 

      Largely

    • C. 

      Partially

    • D. 

      Not well addressed

  • 7. 
    The most important part of your business plan?
    • A. 

      Executive Summary

    • B. 

      Table of Contents

    • C. 

      Background

    • D. 

      Financial Plan

  • 8. 
    A plan which explains the process of attraction of customers to your business.
    • A. 

      Market Research/anaylsis

    • B. 

      Financial Plan 

    • C. 

      Background and History

    • D. 

      All of the above