FREE Business Plan Question And Answers

Question 1

In a business plan, the expected revenue and costs are shown as _______.

Accepted Answer

Financial plan

Answer

Accounts payable

Answer

Revenue model

Answer

None of the above

Question 2

Which of these business elements is most useful in understanding how the company intends to grow in the future?

Accepted Answer

Growth strategy

Answer

Company description

Answer

Revenue plan

Answer

Competitor's analysis

Question 3

Which of these business assertions best explains the rationale behind the organization's existence?

Accepted Answer

Mission Statement

Answer

Company description

Answer

Executive summary

Answer

Objective Statement

Question 4

What constitutes a business plan's component?

Accepted Answer

All of the above

Answer

Executive Summary

Answer

Marketing Strategy

Answer

Sales Strategy

Question 5

What element(s) of a business strategy are there?

Accepted Answer

Executive Summary

Answer

Operation Plan

Answer

Safety Plan

Question 6

To decide whether to invest in a business, a stockholder may merely read the executive summary of the business plan. either true or false.

Accepted Answer

True

Answer

False

Question 7

Which of the following is NOT a part of the business plan?

Accepted Answer

None of the above

Answer

Competitive Analysis

Answer

Marketing Plan

Answer

Company Description