Ch6

An illustrated image of a business plan document with charts and graphs, a light bulb symbolizing ideas, and diverse people collaborating around a table.

Business Plan Foundations Quiz

Test your knowledge on the essential components of business planning with our engaging Business Plan Foundations Quiz. This quiz covers everything from writing an executive summary to understanding market segmentation.

Multiple choice questions
Designed for aspiring entrepreneurs
Assess your readiness to create a solid business plan

15 Questions4 MinutesCreated by PlanningEagle347

Managers are busy people and want a plan where they can easily find critical information.

True

False

Even though the executive summary ....... At the beginning of the business plan, it should be written .......

Last , appears

Appears, last

First, last

Last, first

...... It demonstrates to your reader that you know how to translate an idea into a business.

Marketing analysis

Executive Summary

Industry Analysis

Company Description

Markets can be segmented in many ways, such as by demographic (city, state, country), geography variables (age, gender, income),

True

False

Development plan : If you are in the very early stages of your business and only have an idea, you should carefully explain how a prototype will be produced and tested If you are in the very early stages of your business and only have an idea, you should carefully explain how a ......... Will be produced and tested

Design

Timeline

Prototype

Nothing

Product prototype is the first logical manifestation of a new product, often in a crude or preliminary form. The idea is to solicit feedback and then iterate (product or service)

True

False

General approach to operations – A useful way to illustrate how your business will be run is to describe it in terms of “....... stage” (unseen to the customer) and “.......stage” (seen by the customer) activities.

Start , end

End , start

Front, back

Back, front

.......is a representation of how authority and responsibility are distributed within the company.

Organizational chart

Company structure

Management team

Many investors and others who read the business plan look first at the ..... And then go directly to the section to assess the strength of the people starting the firm.

Executive summary, management team

Management team, executive summary

Executive summary, marketing plan

Marketing plan , executive summary

The first rule in making an oral presentation is to follow directions. If you’re told you have .......

10 minutes

15 minutes

20 minutes

5 minutes

Business Plan Foundations Quiz

More Quizzes