The Business Plan Quiz: Test!

10 Questions | Total Attempts: 10497

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The Business Plan Quiz: Test! - Quiz

Business is not as easy as it seems when you just imagine it. The test in front of you is "The Business Plan Quiz. " This quiz will see your understanding of the concept of the business plan. This will also provide extra information to you that will help you in the future. Get ready to take this fun and informative quiz that is here. Best of luck with this!


Questions and Answers
  • 1. 
    Which section is completed last?
    • A. 

      Finance detail

    • B. 

      Marketing budget

    • C. 

      About your business

    • D. 

      Executive summary

  • 2. 
    According to research, without a business plan, firms are more likely to close down.
    • A. 

      True

    • B. 

      False

  • 3. 
    You should describe your products and services and discuss the market that you are...
    • A. 

      Goaling

    • B. 

      Aiming

    • C. 

      Targeting

    • D. 

      Goading

  • 4. 
    If you wish to interest investors, you need to emphasize the company's profit ..........
    • A. 

      Potential

    • B. 

      Chance

    • C. 

      Taking

    • D. 

      Deal

  • 5. 
    The preparation of a business plan is optional for some small businesses.
    • A. 

      True

    • B. 

      False

  • 6. 
    Why complete a Business Plan?
    • A. 

      To get finance

    • B. 

      To impress your mum

    • C. 

      To set out clear goals for your start-up.

    • D. 

      To make sure you know what you are doing.

  • 7. 
    The business goals and competitive advantages can be described by...
    • A. 

      Mission statement

    • B. 

      Objectives

    • C. 

      Core values

    • D. 

      None of these

  • 8. 
    ......... the strong and weak points of any firms in competition with yours and look for marketplace opportunities.
    • A. 

      Evaluate

    • B. 

      Investigate

    • C. 

      Eliminate

    • D. 

      Reject

  • 9. 
    SMART means:
    • A. 

      Success, Measurable, Achievable, Realistic, Timed

    • B. 

      Specific, Measurable, Achievable, Realistic, Timed

    • C. 

      Smart, made-up, actual, real, true

    • D. 

      None of these

  • 10. 
    You should examine customer... and the benefits of your products and services.
    • A. 

      Interest

    • B. 

      Pockets

    • C. 

      Returns

    • D. 

      Needs

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