Exam 12: Developing an Effective Business Plan

Which of the following should be done to avoid the pitfall of "no market niche" (segment)?

Financial sources benefit from the prospective financial statements found in a business plan because it allows them to locate any miscalculations.

What are some of the errors made in the preparation of a business plan that minimize an entrepreneur's chance for success?

It is recommended that the final copy of the business plan be

Which of the following would be appropriate to include in an appendix to a business plan?

To an entrepreneur, one of the benefits of a business plan is that it identifies

A business plan is the written document that details the proposed venture.

Which of the following is a critical factor that should be discussed in the management segment?

Every business plan should provide information about future harvest strategies.

Which of the following is a critical factor to be considered in the management segment?

A business plan

A common mistake in business planning is using acronyms and technical jargon without clearly explaining them early in the business plan.

The textbook recommends which of the following devices to help in the oral presentation of a business plan?

Sometimes a business plan is referred to as a(n)

How does a business plan benefit the entrepreneur?

Blueprints, sketches, drawings, and models are often important features to be placed in which of the following sections of the business plan?

Which of the following statements would not be an appropriate guideline for successful business plan development?

Which of the following should be included in the business description?

Because of the competition for funding, an entrepreneur's business plan needs to capture the reader's interest right away by stating the uniqueness of the venture.

The financial segment includes the