Intro to Business: Strategic Management

A typical business plan is anywhere from _______

10 - 50 pages long

The Strategy and Implementation component of the business plan addresses which of the following?

advertising

Which component of the business plan requires considerable time and external research?

market analysis

Which of the following should be included in a business plan's Executive Summary?

mission statement

The management plan component of a business plan addresses which of the following?

organizational structure

Which component of the business plan sets specific assignments and deadlines for putting the plan into action?

stratefy and implementation

Which of the following is a benefit of writing a business plan

Generating new ideas

Building permits may show up in which component of a business plan?

appendices

Which of the following pieces of information should be included in a business plan's Company Description?

business operating days and hours

Which of the following BEST describes a business plan?

A company's business model in written form

What is the MOST important thing to focus on when writing a business plan?

content

Which component of the business plan contains the owner's name and address?

cover page

Which of the following is NOT a document you should include in the financial plan component of your business plan?

credit history

Which of the following is the MOST critical component of a business plan?

executive summary

Existing businesses need to provide what kind of data in the financial plan component of the business plans?

historical financial data

Personnel costs should be addressed in which component of the business plan?

management plan

Which component of the business plan makes it easy for readers to locate sections they want to read or review?

table of contents

Which of the following questions does the Company Description section of a business plan answer?

where is the business located

A detailed competitive analysis should be included in which component of the business plan?

Market Analysis

The business's patents and copyrights are usually mentioned in which component of the business plan?

products offered