Business Plan Presentation Event
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Questions and Answers

What is the main objective of the Business Plan Presentation (BPP)?

  • To demonstrate the team's engineering skills.
  • To showcase the quality of the prototype race car.
  • To evaluate the team’s ability to develop and deliver a comprehensive business model. (correct)
  • To secure funding for the competition entry.

How should the judges be regarded during the BPP?

  • As mentors for the team.
  • As potential investors or partners for the presented business model. (correct)
  • As technical advisors for the prototype race car.
  • As representatives of the competition organizers.

What is the requirement for the business plan in relation to the prototype race car?

  • It must focus on the engineering aspects of the prototype race car.
  • It must include a detailed manufacturing process of the prototype race car.
  • It must emphasize the performance statistics of the prototype race car.
  • It must offer the car or component as a product or sell a service related to it. (correct)

What is the role of the actual prototype in the BPP judging process?

<p>It will not be considered as part of the BPP judging. (D)</p> Signup and view all the answers

What is the requirement prior to the competition regarding the business plan?

<p>The team must submit a pitch video and participate in an online web presentation. (B)</p> Signup and view all the answers

What is the main focus of the Business Plan Presentation (BPP)?

<p>Evaluating the team's ability to develop a comprehensive business model related to the prototype race car (D)</p> Signup and view all the answers

What is the specific requirement for the business plan in relation to the prototype race car?

<p>Offering the car or component as a product or selling a service related to it (C)</p> Signup and view all the answers

How should the judges be regarded during the BPP?

<p>As potential investors or partners for the presented business model (B)</p> Signup and view all the answers

What is the role of the actual prototype in the BPP judging process?

<p>It will not be considered as part of the BPP judging (C)</p> Signup and view all the answers

What is the requirement prior to the competition regarding the business plan?

<p>Submitting a pitch video and participating in an online web presentation delivery (D)</p> Signup and view all the answers

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