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Business Plans

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Questions and Answers

Which type of business plan is specifically designed for new businesses?

Internal business plan

Feasibility business plan

Strategic business plan

Start-up business plan (correct)

What is the main purpose of writing a business plan for a business owner?

To anticipate and prepare for growth (correct)

To describe the company objectives

To guide management

To promote investment capital

What type of business plan targets internal stakeholders?

Strategic business plan

Operations business plan (correct)

Growth business plan

Feasibility business plan

What is a key component that potential investors will require in a business plan?

Income projections Signup and view all the answers

What are the different types of business plans mentioned in the text?

Start-up, internal, strategic, feasibility, operations, growth Signup and view all the answers

Which element is NOT typically included in a strategic business plan?

Marketing strategy Signup and view all the answers

What is the purpose of a strategic business plan?

To inspire employees to work together Signup and view all the answers

Which of the following is NOT one of the five elements typically included in a strategic business plan?

Marketing objectives Signup and view all the answers

What does a strategic business plan provide?

A roadmap for achieving company goals Signup and view all the answers