Business Plan vs
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Questions and Answers

What is the primary objective of a feasibility study?

  • To determine the feasibility of the proposed business (correct)
  • To create a detailed financial plan for the business
  • To outline the marketing strategy for the business
  • To establish the organizational structure of the business

    • How does the content and structure of a business plan compare to that of a feasibility study?

  • The business plan is more detailed than the feasibility study
  • They are completely different
  • The feasibility study includes more financial data
  • They are almost the same (correct)

    • What is the purpose of the 'Introduction' section in a business plan?

  • To provide a detailed financial analysis
  • To describe the organizational structure
  • To present the general perspective of the business (correct)
  • To outline the production plan

    • What is included in the 'Environmental Analysis' section of a business plan?

    <p>Analysis of market trends and competition</p> Signup and view all the answers

    When is the business plan prepared in relation to the feasibility study?

    <p>After a positive outcome of the feasibility study</p> Signup and view all the answers

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