007

In what way can an existing business benefit from writing a business plan?

Acquire funding for a new idea

In which section of the business plan will Elena put extra supporting information?

Appendices

Which of the following discusses how a company is intended to work in the future:

Business plan

Which of the following parts of a business plan includes the history of the business:

Company description

In what way can a start-up business benefit from writing a business plan?

Define managers' roles

Where in a business plan can you find cost estimates and the effect of each cost on the company?

Financial plan

In which section of his business plan will Paulo discuss each key manager's skills?

Management plan

In which section of the business plan would you find an examination of competitors' activities?

Market analysis

In which section of the business plan would you find evidence of customer interest in a new product?

Market analysis

Germaine will discuss his company's seven services in which part of the business plan?

Product(s) offered

Where in a business plan can you find out how the business intends to handle public relations?

Strategy and implementation

What part of a business plan lists all of the document's sections with their page numbers?

Table of contents

Before Lynnette takes her new product to a mass audience, she should write a business plan to

assess a new product or promotion.

The part of the business plan that gives an overview of the entire document is the

executive summary.

The part of the business plan that discusses where funding for specific projects will come from is called the

financial plan.

Since Justin 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.

While preparing to sell their consignment shop, Erin and Evan should write a business plan to

place a value on the business.

Since Alana's company will build a new facility next year, she should write a business plan to

prepare for an expansion.

Since Brianna wants to sell a bank or investor on her company's capabilities, she is motivated by the number one reason for writing a business plan, which is

the need for funding.