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Marketing Promotion Test Review

9th -  12th  , personal characteristics of successful e..., 6th -  8th  , professional development  , introduction to organizational behavior, university -  professional development  .

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BUSINESS PLAN

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15 questions

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'It is a comprehensive document prepared to assist the entrepreneur in analysing the market and planning the business strategy'. This statement best describes

an operational plan

a business plan

an organization plan

a financial plan

The following are the prime reasons for preparing a business plan, except

to allow the entrepreneur to objectively, critically, and practically evaluate a business proposal

to study and evaluate the viability of the proposed project before it is implemented

to ensure that the proposed project is free from all the problems

to instil confidence in potential financiers for the purpose of securing financing facilities

The following factors need to be considered before making a purchase of machinery and equipment, except

supplier's reputation

availability of spare parts

The main reasons for preparing a financial plan are

to determine all the costs that are involved in starting a new business venture

to determine the financial position of the company at the end of the financial period

to appraise the viability of the proposed project before it is actually implemented

to identify resources such as capital, labour, and buildings to evaluate the cash position throughout the financial period

to evaluate the cash position throughout the financial period

A business plan gives room for entrepreneurs and their employees to develop an effective strategy to run the business.

Lack of commitment and dedication is one of the pitfalls in preparing a business plan.

There are only 2 strategies in the marketing strategies in the marketing mix, which are pricing strategy and promotion strategy.

Business plans should be kept a short and precise as possible.

A complete business plan should starts with

Executive summary

Cover letter

All documents that support the business plan should be included in this section. It include support document from financial institutions, copies of the course certificates, offer letter for tender, permit and else.

Table of contents

There are SIX formats of business plan

The main sections of business plan are the following except:

Administration plan

Operational Plan

Marketing Plan

Financial plan

Business plan is important for _________________ because it can determine the future credit terms and the viability of ventures.

Financial institutions

Shareholders

Which one is not the importance of business plan.

creates the opportunity for success

determines the right way of managing the business

decrease the stakeholder's confidence

sets the business mission

Most businesses work towards their goals and based on some pressure applied by the time of completion.It refers to

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  1. Do you have a business plan? No matter if you are running a big business or a stay at home mom

    why do you need a business plan quizizz

  2. Why do you need a business plan?

    why do you need a business plan quizizz

  3. Why do you need a Business Plan?

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  4. Startup Business Plan Guidelines for a Successful Launch

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  5. Why Do You Need a Business Plan?

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  6. خطة عمل مشروع متجر الكتروني دروبشيبينغ

    why do you need a business plan quizizz

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COMMENTS

  1. Writing a Business Plan

    While it may be tempting to put off, creating a business plan is an essential part of starting your own business. Plans and proposals should be put in a clear format making it easy for potential investors to understand.

  2. How to Choose a Phone Plan for Your Business

    Every company needs an effective phone plan for their business. It’s important for all your employees to be able to communicate with each other. You also need to ensure that you can take phone calls from clients when they need to reach you.

  3. Making a Risk Management Plan for Your Business

    It’s impossible to eliminate all business risk. Therefore, it’s essential for having a plan for its management. You’ll be developing one covering compliance, environmental, financial, operational and reputation risk management.

  4. Business Plan

    ... business. Multiple Choice. Please save your changes before editing any questions. 30 seconds. 1 pt. Why do you need a business plan? To explain your idea. the

  5. Why a Business Plan Is Important

    This section of your business plan will summarize the goals and objectives you have for your business. Executive Summary. Statement of Purpose. Appendix.

  6. Business plan

    Ignoring competition is a mistake you should avoid making when creating your business plan.

  7. Business Planning

    ... business. Multiple Choice. Please save your changes before editing any questions. 30 seconds. 1 pt. Why do you need a business plan? To explain your idea. the

  8. Business Planning Prelim

    Q. Which of the following pieces of information would you not expect to find

  9. Business Plan

    Where do you state the vision for the company, how much money you need, and how you hope to pay the money back well as the opportunity? Executive Summary.

  10. GCSE Business Studies

    ... business. Multiple Choice. Please save your changes before editing any questions. 30 seconds. 1 pt. Why do you need a business plan? To explain your idea. the

  11. BUSINESS STUDIES JSS 3

    Why do you need a business plan? To explain your idea. the ability to get financing. it's a road map that sets objectives and goals for the business. All of

  12. BUSINESS PLAN

    Why do you need a business plan? To help reduce the risk of business failure

  13. Business Planning questions & answers for quizzes and worksheets

    Quizizz Blog · Media Kit · Careers. Support. F.A.Q. · Help & Support · Privacy

  14. BUSINESS PLAN

    Suggestions for you. See more. LESSON. Quiz image. 17 Qs. Personal