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break-even point
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as concise as possible
-
having an idea
-
mission statement
-
executive summary
-
True
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False; The internet provides many business plan samples that can be used as references.
Choose the best answer.
Which of these is the specific moment in time when the sales of a venture cover all costs and begin to earn a profit?
sales-cost intersection
sales intersection
moment of convergence
break-even point
2) Choose the best answer.
Business plans of true startups are typically _____.
over 30 pages long
as long as possible
as concise as possible
fewer than 10 pages
3) Choose the best answer.
The first step in developing a business plan is _____.
creating the marketing plan
having an idea
designing a logo
making a product
4) Choose the best answer.
The _____ is the overarching purpose of why a company exists.
short-term goal
mission statement
purpose line
long-term goal
5) Choose the best answer.
The _____ part of a business plan is completed last even though it is the first section.
organizational chart
executive summary
marketing plan
financial plan
6) Choose True or False. If False, choose the statement to make it True.
Business plans should sound logically optimistic while giving the reader engaging, tangible goals to anticipate.
False; Business plans should have a balance between optimism and realism based upon actual data.
True
False; Business plans should be realistic without trying to sell the business to the reader.
7) Choose True or False. If False, choose the statement to make it True.
The internet provides few, if any, business plan samples that can be used as references.
False; The internet provides many business plan samples that can be used as references.
False; The internet provides no sample business plans that can be used as references.
True
1 answer