Exam 7: The Business Plan: Creating and Starting the Venture

The Internet is a useful tool to access information but is generally not a good vehicle for marketing goods and services. 

Which source of financial information is a compilation of 260,000 financial statements of banking customers with ratios and benchmarks  

The depth and detail of a business plan depend on: 

The depth and detail in the business plan depend on the size and scope of the proposed new venture. 

Identify the most common reasons why business plans fail. 

When determining how much help is needed to write the business plan an entrepreneur should conduct a self-assessment.In this self-assessment which skill set would not be considered  

Letters from customers,distributors,or subcontractors are examples of information that should be included in the executive summary of a business plan. 

Which U.S.Census publication provides information about production and shipments on a wide range of products  

The executive summary section of the business plan should be written first,before other sections are developed. 

Operations information that may be needed for the business plan include-location,manufacturing operations,raw materials,equipment,labor skills,space,and technology.

The usefulness of the title or introductory page is: 

All of the following are questions that should be considered in the environmental and industry analysis section of the business plan except: 

The introductory page of the business plan should contain the amount of financing needed. 

All of the following are reasons to enact a contingency plan,except: 

The process for contingency planning will depend on the nature of the business,which can be affected by factors such as weather disasters,employee strikes,or new regulations to name a few. 

Pro forma financial statements should be prepared semi-monthly for the first year of the venture. 

Identify and explain,give examples when appropriate,of key areas that should be investigated when conducting an environmental analysis. 

When collecting marketing information the entrepreneur should: 

Which of the following is not true about the operations plan portion of the business plan  

The organization plan describes the business':