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?

    <p>Value and resources</p> Signup and view all the answers

    What does a business plan describe?

    <p>How the business defines its objectives and goals</p> Signup and view all the answers

    What does the marketing plan focus on?

    <p>Analyzing competitors and setting prices</p> Signup and view all the answers

    What is the purpose of a Management Plan?

    <p>To design the future operations of an enterprise</p> Signup and view all the answers

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

    <p>Sole Proprietorship</p> Signup and view all the answers

    What does SWOT stand for in SWOT Analysis?

    <p>Strengths, Weaknesses, Opportunities, Threats</p> Signup and view all the answers

    What does the Financial Plan document for an enterprise?

    <p>Financial goals and objectives</p> Signup and view all the answers

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

    <p>To generate business ideas</p> Signup and view all the answers

    What does Information Gathering involve for a business plan?

    <p>Trends, potential customers, and competitors</p> Signup and view all the answers

    What do Guidelines for Successful Business Plan Implementation include?

    <p>Objectives, tasks, time allocation, and progress</p> Signup and view all the answers

    What are the basic requirements for operating a business?

    <p>SEC registration, DTI registration, BIR registration, and SSS, PhilHealth, and Pag-ibig Fund Registration</p> Signup and view all the answers

    What does systematic recording allow a business to do?

    <p>Plan and work more efficiently; meet legal requirements; protect, measure, and maximize profits</p> Signup and view all the answers

    What is the purpose of protecting records for a business?

    <p>To protect, measure, and maximize profits</p> Signup and view all the answers

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