FREE Business Plan Trivia Question and Answers

Question 1

Which part is finished last?

Accepted Answer

Executive summary

Answer

Marketing budget

Answer

Finance detail

Answer

About your business

Question 2

Without a business strategy, organizations are more likely to fail, according to study.

Accepted Answer

True

Answer

False

Question 3

The company's objectives and competitive advantages can be summed up as.

Accepted Answer

Objectives

Answer

Core values

Answer

Mission statement

Answer

None of the above

Question 4

For some small businesses, creating a business plan is optional.

Accepted Answer

False

Answer

True

Question 5

________ the advantages and disadvantages of any businesses that compete with yours, and search for market opportunities.

Accepted Answer

Evaluate

Answer

Investigate

Answer

Reject

Answer

Eliminate

Question 6

Customer _____ and the advantages of your goods and services should be examined.

Accepted Answer

Needs

Answer

Interest

Answer

Pockets

Answer

Returns

Question 7

You should describe your products and services and discuss the market that you are _____

Accepted Answer

Targeting

Answer

Aiming

Answer

Goaling

Answer

None of the above