Target markets are typically _____, or set apart from one another, by age, location, income, and lifestyle.

offered

funded

segregated

split



5) Choose the best answer.

Which of these is an organizational structure in which all individuals have a direct superior except for one or a few at the top?

linear organization

lateral organization

segmented organization

hierarchical organization



6) Choose the best answer.

A(n) _____ is a graphic showing the structure of a company represented by key individuals and their job positions.

linear chart

hierarchy chart

lateral chart

organizational chart



7) Choose True or False. If False, choose the statement to make it True.

All great business accomplishments, whether the next great technology startup or a corporation’s innovative new product, have been the result of careful, structured planning.

False; Most great business accomplishments, whether the next great technology startup or a corporation’s innovative new product, have been the result of careful, structured planning.

True

False; Not all great business accomplishments, whether the next great technology startup or a corporation’s innovative new product, have been the result of careful, structured planning.



8) Choose True or False. If False, choose the statement to make it True.

Any successful entrepreneur will have crafted a detailed, precise business plan, and any investor will want to see the document before financing is offered.

True

False; Any successful entrepreneur will have crafted a detailed, precise business plan, and most investors will want to see the document before financing is offered.

False; Most successful entrepreneurs will have crafted a detailed, precise business plan, and most investors will want to see such a document before financing is offered.



9) Choose True or False. If False, choose the statement to make it True.

Capital is a term for wealth in the form of money.

False; Capital is a term for money invested in company ownership.

False; Profit is a term for wealth in the form of money.

True



10) Match the descriptions with the parts of a business plan. Answers may be used more than once.

typically includes an organizational chart

includes income statements, balance sheets, and investment plans

includes what a company plans to accomplish in the future and how it intends to do it

a business document that outlines a company’s organizational structure, such as the owners, management team, and board of directors

must be concise, distinguish a company from its competitors, and clearly explain the company’s reason for existing

a business document that outlines a company’s monetary projections, including potential sales, profits, and costs



11) Match the descriptions with the parts of a business plan. Answers may be used more than once.

includes doing market research, making advertising plans, selecting advertising platforms, and tracking results

a short document that summarizes the key points of a business plan

can either be long term or short term

a business document that outlines the ways in which a product or service will reach a target market

the first part of a business plan that should not be longer than one to two pages

a sentence or short paragraph describing the overarching reason a company exists

1 answer

Here are the answers to the questions you've provided:

4) Target markets are typically segregated, or set apart from one another, by age, location, income, and lifestyle.

5) An organizational structure in which all individuals have a direct superior except for one or a few at the top is called a hierarchical organization.

6) A(n) organizational chart is a graphic showing the structure of a company represented by key individuals and their job positions.

7) False; Not all great business accomplishments, whether the next great technology startup or a corporation’s innovative new product, have been the result of careful, structured planning.

8) False; Most successful entrepreneurs will have crafted a detailed, precise business plan, and most investors will want to see such a document before financing is offered.

9) True (Capital is indeed a term for wealth in the form of money.)

10)

  • typically includes an organizational chart: a business document that outlines a company’s organizational structure, such as the owners, management team, and board of directors
  • includes income statements, balance sheets, and investment plans: a business document that outlines a company’s monetary projections, including potential sales, profits, and costs
  • includes what a company plans to accomplish in the future and how it intends to do it: must be concise, distinguish a company from its competitors, and clearly explain the company’s reason for existing
  • a business document that outlines a company’s organizational structure, such as the owners, management team, and board of directors: typically includes an organizational chart
  • must be concise, distinguish a company from its competitors, and clearly explain the company’s reason for existing: a sentence or short paragraph describing the overarching reason a company exists
  • a business document that outlines a company’s monetary projections, including potential sales, profits, and costs: includes income statements, balance sheets, and investment plans

11)

  • includes doing market research, making advertising plans, selecting advertising platforms, and tracking results: a business document that outlines the ways in which a product or service will reach a target market
  • a short document that summarizes the key points of a business plan: the first part of a business plan that should not be longer than one to two pages
  • can either be long term or short term: can either be long term or short term (This may apply to multiple components, such as goals or strategies).
  • a business document that outlines the ways in which a product or service will reach a target market: includes doing market research, making advertising plans, selecting advertising platforms, and tracking results
  • the first part of a business plan that should not be longer than one to two pages: a short document that summarizes the key points of a business plan
  • a sentence or short paragraph describing the overarching reason a company exists: a sentence or short paragraph describing the overarching reason a company exists

Please let me know if you need further clarification or additional questions!