Exam 5: Business Plans

The operational business plan is typically over 40 pages in length and is the most frequently used form of business plan.

Which of the following is most likely found under the development plan section of the business plan?

A _________ gives the title of the plan or the name of your business,and outlines the major features of your plan that may be of interest.

Your mission statement should be short (a sentence or two).It should also be easy to understand and easy to remember.

Another appropriate term to describe a business plan is:

Your business plan should lay out the details so that everyone can see precisely where you are now,where you are going,and how you plan to get there.

Which of the following parts of a business plan will answer the question,"is there a need and demand?"?

Many financial institutions will accept a(n)________ for use by early-stage businesses in applying for a bank loan.

The business planning process focuses on the:

At the heart of the capital-raising process is:

Which part of the business plan will contain estimates pertaining to sales and market share?

Contingency plans are not described in a business plan.

The _______ defines the "super strategy" of your business.

According to Tim Berry,business planning has become:

If your potential business is a manufacturing business,what items should be addressed in the production/operations plan?

Under which section of the business plan is the profile of the principal target customers described?

A budget is generally included in the full business plan.

If you have used professional advisers,such as lawyers,accountants,insurance brokers,etc.,you should provide their names and contact information in your business plan under the heading "Management team".

Which part of the business plan should capture the attention of the reader,stimulate interest,and get the reader to keep on reading?

In which part of the business plan will information about outstanding regulatory,testing,or other requirements be found?