Question 1

Which of the following is the key to creating visual catch-points in a business plan?

Accepted Answer

A) Write long, descriptive paragraphs 
B) Use clearly marked headers and sub-headers throughout the document. 
C) Maintain 1 inch margins on the sides and top and ½ inch on bottom.Single spaced text. 
D) None of the above. 
E) All of the above. 
A) Write long, descriptive paragraphs 
B) Use clearly marked headers and sub-headers throughout the document. 
C) Maintain 1 inch margins on the sides and top and ½ inch on bottom.Single spaced text. 
D) None of the above. 
E) All of the above.

Question 2

Which of the following is not a standard subsection of a marketing plan?

Accepted Answer

A) Product strategy; 
B) Market strategy of the competitors; 
C) Pricing strategy; 
D) Distribution strategy; 
E) Sales strategy. 
A) Product strategy; 
B) Market strategy of the competitors; 
C) Pricing strategy; 
D) Distribution strategy; 
E) Sales strategy.

Question 3

Entrepreneurs often enter markets and find, to their surprise, either that direct competition does not exist, or that it is complacent and slow to react.

Accepted Answer

A) True 
 B)False

Question 4

Which of the following should NOT appear in the compensation section

Accepted Answer

A) Salary previously earned from prior employment 
B) Salary due to employees 
C) A fixed schedule for increasing the entrepreneurs salary 
D) None of the above. 
A) Salary previously earned from prior employment 
B) Salary due to employees 
C) A fixed schedule for increasing the entrepreneurs salary 
D) None of the above.

Question 5

What slides are useful in oral presentations of your business?

Accepted Answer

1.Cover page showing product picture, co

Question 6

The Scope of Operations section should discuss partnerships with vendors, suppliers, and partners.

Accepted Answer

A) True 
 B)False

Question 7

The biggest difference between an internal operation plan and the one that you might present to a potential investor is the level of detail, which tends to be greater in the disclosure to the investor.

Accepted Answer

A) True 
 B)False

Question 8

It's a common misperception that a business plan is primarily used for raising capital.

Accepted Answer

A) True 
 B)False

Question 9

An important end result of the business planning process is that it allows the entrepreneur to articulate the business opportunity to various stakeholders in the most effective manner.

Accepted Answer

A) True 
 B)False

Question 10

When writing a business plan it is best to:

Accepted Answer

A) Use a creative format to capture the investor's attention. 
B) Lead the plan with the TEAM section because investors often focus on the team members, rather than the idea. 
C) Follow a common outline because it helps spot reading. 
D) Avoid appendices because nobody reads them. 
E) All of the above. 
A) Use a creative format to capture the investor's attention. 
B) Lead the plan with the TEAM section because investors often focus on the team members, rather than the idea. 
C) Follow a common outline because it helps spot reading. 
D) Avoid appendices because nobody reads them. 
E) All of the above.

Question 11

A company's sales channels can include all of the following except:

Accepted Answer

A) Internal sales stream 
B) Retail 
C) Internet 
D) Cost reduction 
E) Direct mail 
A) Internal sales stream 
B) Retail 
C) Internet 
D) Cost reduction 
E) Direct mail

Question 12

Which of the following is not a goal of business planning?

Accepted Answer

A) To attract various stakeholders; 
B) To help entrepreneurs gain a deeper understanding of the opportunity; 
C) To convince stakeholders of the business potential; 
D) To inform competitors of your intentions 
E) To convince potential employees to join. 
A) To attract various stakeholders; 
B) To help entrepreneurs gain a deeper understanding of the opportunity; 
C) To convince stakeholders of the business potential; 
D) To inform competitors of your intentions 
E) To convince potential employees to join.

Question 13

Inexperienced entrepreneurs often believe the misconception that a business plan is solely designed as a brochure for investors.The financial benefits of using a business plan to raise capital are well known.What are some additional benefits?

Accepted Answer

Although a good business plan assists in

Question 14

It is appropriate to discuss the geographic location of production facilities and how this enhances your firm's competitive advantage.

Accepted Answer

A) True 
 B)False

Question 15

Which of the following is not in the contents of marketing plan?

Accepted Answer

A) Marketing communications; 
B) Growth strategy. 
C) Product mix 
D) Pricing; 
E) Customer analysis. 
A) Marketing communications; 
B) Growth strategy. 
C) Product mix 
D) Pricing; 
E) Customer analysis.

Question 16

Which of the following is NOT in the operations plan?

Accepted Answer

A) Locations 
B) Insurance 
C) Employees 
D) Suppliers 
E) Customers. 
A) Locations 
B) Insurance 
C) Employees 
D) Suppliers 
E) Customers.

Question 17

Discuss the importance of critical risks management in your business plan.

Accepted Answer

Every venture has risks.If a given retur

Question 18

The best way to develop a winning business plan is to:

Accepted Answer

A) Have an accountant develop your financials; 
B) Hire your professor to write the plan; 
C) Go through several iterations to refine the strategy and business model; 
D) Don't bother writing a plan, it is not an efficient use of time; 
E) All of the above. 
A) Have an accountant develop your financials; 
B) Hire your professor to write the plan; 
C) Go through several iterations to refine the strategy and business model; 
D) Don't bother writing a plan, it is not an efficient use of time; 
E) All of the above.

Question 19

Business planning, in a literal sense, begins when you start to look for external funds.

Accepted Answer

A) True 
 B)False

Question 20

New ventures will have better chances for success in an emerging market, on the verge of rapid growth.

Accepted Answer

A) True 
 B)False

Which of the following is the key to creating visual catch-points in a business plan?

Which of the following is not a standard subsection of a marketing plan?

Entrepreneurs often enter markets and find, to their surprise, either that direct competition does not exist, or that it is complacent and slow to react.

Which of the following should NOT appear in the compensation section

What slides are useful in oral presentations of your business?

The Scope of Operations section should discuss partnerships with vendors, suppliers, and partners.

The biggest difference between an internal operation plan and the one that you might present to a potential investor is the level of detail, which tends to be greater in the disclosure to the investor.

It's a common misperception that a business plan is primarily used for raising capital.

An important end result of the business planning process is that it allows the entrepreneur to articulate the business opportunity to various stakeholders in the most effective manner.

When writing a business plan it is best to:

A company's sales channels can include all of the following except:

Which of the following is not a goal of business planning?

Inexperienced entrepreneurs often believe the misconception that a business plan is solely designed as a brochure for investors.The financial benefits of using a business plan to raise capital are well known.What are some additional benefits?

It is appropriate to discuss the geographic location of production facilities and how this enhances your firm's competitive advantage.

Which of the following is not in the contents of marketing plan?

Which of the following is NOT in the operations plan?

Discuss the importance of critical risks management in your business plan.

The best way to develop a winning business plan is to:

Business planning, in a literal sense, begins when you start to look for external funds.

New ventures will have better chances for success in an emerging market, on the verge of rapid growth.

The Power of Entrepreneurship

The Entrepreneurial Process

Opportunity Recognition, Shaping, and Reshaping

Understanding Your Business Model and Developing Your Strategy

Entrepreneurial Marketing

Building the Founding Team

Building Your Pro Forma Financial Statements

Facing Entrepreneurial Ventures Worldwide

Raising Money for Starting and Growing Businesses

Debt and Other Forms of Financing

Legal and Tax Issues, Including Intellectual Property

Entrepreneurial Growth

Social Entrepreneurship: an Overview

Filters

Exam 7: The Business Planning Process

Which of the following is the key to creating visual catch-points in a business plan?

Which of the following is not a standard subsection of a marketing plan?

Entrepreneurs often enter markets and find, to their surprise, either that direct competition does not exist, or that it is complacent and slow to react.

Which of the following should NOT appear in the compensation section

What slides are useful in oral presentations of your business?

The Scope of Operations section should discuss partnerships with vendors, suppliers, and partners.

The biggest difference between an internal operation plan and the one that you might present to a potential investor is the level of detail, which tends to be greater in the disclosure to the investor.

It's a common misperception that a business plan is primarily used for raising capital.

An important end result of the business planning process is that it allows the entrepreneur to articulate the business opportunity to various stakeholders in the most effective manner.

When writing a business plan it is best to:

A company's sales channels can include all of the following except:

Which of the following is not a goal of business planning?

Inexperienced entrepreneurs often believe the misconception that a business plan is solely designed as a brochure for investors.The financial benefits of using a business plan to raise capital are well known.What are some additional benefits?

It is appropriate to discuss the geographic location of production facilities and how this enhances your firm's competitive advantage.

Which of the following is not in the contents of marketing plan?

Which of the following is NOT in the operations plan?

Discuss the importance of critical risks management in your business plan.

The best way to develop a winning business plan is to:

Business planning, in a literal sense, begins when you start to look for external funds.

New ventures will have better chances for success in an emerging market, on the verge of rapid growth.

The Power of Entrepreneurship

The Entrepreneurial Process

Opportunity Recognition, Shaping, and Reshaping

Understanding Your Business Model and Developing Your Strategy

Entrepreneurial Marketing

Building the Founding Team

Building Your Pro Forma Financial Statements

Facing Entrepreneurial Ventures Worldwide

Raising Money for Starting and Growing Businesses

Debt and Other Forms of Financing

Legal and Tax Issues, Including Intellectual Property

Entrepreneurial Growth

Social Entrepreneurship: an Overview

Filters