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

___________ is not one of the main perspectives an entrepreneur should consider when writing the business plan.

In the business plan the entrepreneur should address the needs of the entrepreneur and the needs of the market;the investor's perspective is not important.

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

Explain the purpose and content of the executive summary of the business plan.

______ represents the newsgroups on the Internet where the entrepreneur can use key words to identify the most appropriate newsgroups.

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

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

Most entrepreneurs have little difficulty with gathering market information.

The depth and detail of a business plan depend on:

The organization plan describes the business':

What types of information might an entrepreneur needs in regards to manufacturing operations?

All of the following would be an operations information need except:

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

Venture capitalists demand high rates of return for their investment in the new venture.

Since bills have to be paid at different times of the year,cash flow projections should be presented weekly.

The organizational plan section of the business plan should describe the venture's form of ownership.

If the new venture is a manufacturing operation a(n)__________ in the business plan is necessary.

Before beginning the business plan,the entrepreneur should define the venture's goals and objectives.These goals should be:

The usefulness of the title or introductory page is:

Draw the Upside-Down Pyramid Approach to Gathering Market Information.