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Business Planning and Implementation Quiz

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Questions and Answers

What is the purpose of an enterprise?

To fulfill its mission (correct)
To study consumer preferences
To build a strong brand
To make a profit

What does the term 'vision' refer to in the context of an enterprise?

The business's founding date
The marketing strategy of the enterprise
The aspirations of the enterprise (correct)
The financial goals of the enterprise

What does 'branding' involve for an enterprise?

Selecting an appropriate and unique name (correct)
Launching a social media campaign
Choosing a catchy slogan
Designing the company's logo

What does 'capital' confer for an enterprise?

Value and resources (A) Signup and view all the answers

What does a business plan describe?

How the business defines its objectives and goals (C) Signup and view all the answers

What does the marketing plan focus on?

Analyzing competitors and setting prices (A) Signup and view all the answers

What is the purpose of a Management Plan?

To design the future operations of an enterprise (B) Signup and view all the answers

Which type of business structure denotes single ownership, unlimited liability, and control over all decisions?

Sole Proprietorship (D) Signup and view all the answers

What does SWOT stand for in SWOT Analysis?

Strengths, Weaknesses, Opportunities, Threats (D) Signup and view all the answers

What does the Financial Plan document for an enterprise?

Financial goals and objectives (B) Signup and view all the answers

What is one of the reasons to prepare a Business Plan?

To generate business ideas (D) Signup and view all the answers

What does Information Gathering involve for a business plan?

Trends, potential customers, and competitors (B) Signup and view all the answers

What do Guidelines for Successful Business Plan Implementation include?

Objectives, tasks, time allocation, and progress (B) Signup and view all the answers

What are the basic requirements for operating a business?

SEC registration, DTI registration, BIR registration, and SSS, PhilHealth, and Pag-ibig Fund Registration (B) Signup and view all the answers

What does systematic recording allow a business to do?

Plan and work more efficiently; meet legal requirements; protect, measure, and maximize profits (B) Signup and view all the answers

What is the purpose of protecting records for a business?

To protect, measure, and maximize profits (B) Signup and view all the answers

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