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.