FP11 3.03 Explain the nature of business plans.
Which part of a business plan includes the history of the business?
Company Description
In a business plan, where will Robert put the cost estimates and the effect of each on his company?
Financial Plan
Which part of a business plan lists all the document's sections with their page numbers?
Table of Contents
In what way can an existing business benefit from writing a business plan?
acquire funding for a new idea
Before Lynnette takes her new product to a mass audience, she should write a business plan to:
assess a new product or promotion.
Which discusses how a company is intended to work in the future?
business plan
How can a start-up business benefit from writing a business plan?
by defining managers' roles
The part of the business plan that gives an overview of the entire document is the:
executive summary.
Since Justing needs to examine the methods used to reach his company's goals, he wants to write a business plan to:
implement a strategic plan.
Fred wants his company to become the main supplier for a prominent local business. He should write a business plan to:
obtain a specific contract or agreement.
Erin and Evan, as part of preparations to sell their consignment shop, should write a business plan to:
place a value on the company.
Since Alana's company will build a new facility next year, she should write a business plan to:
prepare for an expansion.
The number one reason for writing a business plan is:
the need for funding.