The Business Plan Quiz: Test!

10 Questions | Total Attempts: 7210

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The Business Plan Quiz: Test!

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Questions and Answers
  • 1. 
    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

  • 2. 
    Which section is completed last?
    • A. 

      Finance detail

    • B. 

      Marketing budget

    • C. 

      About your business

    • D. 

      Executive summary

  • 3. 
    According to research, without a business plan firms are more likely to close down.
    • A. 

      True

    • B. 

      False

  • 4. 
    The business' goals and competitive advantages can be described by...
    • A. 

      Mission statement

    • B. 

      Objectives

    • C. 

      Core values

  • 5. 
    You should describe your products and services and discuss the market that you are ..........
    • A. 

      Goaling

    • B. 

      Aiming

    • C. 

      Targeting

    • D. 

      Goading

  • 6. 
    If you wish to interest investors, you need to emphasize the company's profit ..........
    • A. 

      Potential

    • B. 

      Chance

    • C. 

      Taking

    • D. 

      Deal

  • 7. 
    The preparation of a business plan is optional for some small businesses.
    • A. 

      True

    • B. 

      False

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

      Evaluate

    • B. 

      Investigate

    • C. 

      Eliminate

  • 9. 
    SMART means:
    • A. 

      Sertain, Measurable, Achieveable, Realistic, Timed

    • B. 

      Specific, Measurable, Achieveable, Realistic, Timed

    • C. 

      Smart, made-up, actual, real, true

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

      Needs

    • B. 

      Pockets

    • C. 

      Returns

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