Exam 6: The Business Plans: How Are They Important

The model for a basic start-up business plan used by the textbook has:

Professional business plans should be written in:

Arranging the finances is usually the last step in the business planning process.

Writing a business plan motivates the entrepreneur by:

Written business plans are typically required by

Name the five major sections for a basic start-up business plan and briefly discuss what each covers.

If using an online proofreading service for your business plan, it is better to use one based in Canada.

"Looping back to change previous decisions" describes the business plan as:

The process of setting up a business is usually a simple series of linear steps.

Credit policies and cash flow are more likely to be emphasized in the business plan for:

The section of the business plan most likely to require revision of previous sections is:

Knowing the structure of a business plan provides students with a system of classifying information.

The maximum reasonable length for a business plan is 75 pages.

The departmental business plan will be unlikely to include:

Compared to the past, business plans today tend to be:

Explain five ways in which non-profit organizations are similar to businesses.How are they different? Why do non-profits need business plans?

Explain how the maintenance department of a large business would describe its customers and its competition in a departmental business plan.

In the business planning process, "organinzing the operations" usually comes before "creating a marketing strategy."

A common error in writing business plans is vague bragging about service quality.

The best renewal strategy for a business is to add new products and services while improving efficiency at the same time.