Business Plan Quiz Questions And Answers

10 Questions | By Thaiteam2015 | Last updated: May 12, 2022 | Total Attempts: 8368

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We have designed this amazing 'Business Plan' quiz that is based on business strategies and other concepts related to it. The quiz is designed to test your understanding of the Business role model subject. So, check out this quiz and see how well you can score. Try answering all the questions correctly. Your score will determine how good of a business tycoon you can become. So, are you ready? Let's start then.

Questions and Answers

1.

What is the component of business plan?
- A.
  
  Marketing Strategy
- B.
  
  Sales Strategy
- C.
  
  Executive Summary
- D.
  
  All of the above
2.

What is a component(s) of a business plan? (You can choose more than one choice)
- A.
  
  Executive Summary
- B.
  
  Financial Plan
- C.
  
  Safety Plan
- D.
  
  Operation Plan
3.

The stockholder may read only the executive summary of a business plan to decide about the investment in that business. State true or false.
- A.
  
  True
- B.
  
  False
4.

___________ in a business plan shows the estimated profit and expenses of the venture.
- A.
  
  Financial plan
- B.
  
  Revenue model
- C.
  
  Accounts payable
- D.
  
  None of the above
5.

Name the strategy which helps in understanding competitors' marketing strategy.
- A.
  
  Marketing analysis
- B.
  
  Competitor's analysis
- C.
  
  Growth plan
- D.
  
  None of the above
6.

Which of the following is NOT a component of the Business Plan?
- A.
  
  Company Description
- B.
  
  Competitive Analysis
- C.
  
  Marketing Plan
- D.
  
  None of the above
7.

Which of these business statements provides an explanation of the organization's reason for existence?
- A.
  
  Executive summary
- B.
  
  Objective Statement
- C.
  
  Mission Statement
- D.
  
  Company description
8.

The role of a business plan is to identify potential customers within the target market. The process of dividing up the target market is called ____________.
- A.
  
  Market segmentation
- B.
  
  Industry Analysis
- C.
  
  Marketing plan
- D.
  
  Market analysis
9.

In general, how many types of business plans are there?
- A.
  
  4
- B.
  
  5
- C.
  
  3
- D.
  
  6
10.

Which of these business components help in understanding how the business's plans to expand in the future?
- A.
  
  Growth strategy
- B.
  
  Competitor's analysis
- C.
  
  Company description
- D.
  
  Revenue plan