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.</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.</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</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</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</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</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</p> Signup and view all the answers

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