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?

<p>Income projections (D)</p> Signup and view all the answers

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

<p>Start-up, internal, strategic, feasibility, operations, growth (B)</p> Signup and view all the answers

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

<p>Marketing strategy (B)</p> Signup and view all the answers

What is the purpose of a strategic business plan?

<p>To inspire employees to work together (D)</p> Signup and view all the answers

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

<p>Marketing objectives (D)</p> Signup and view all the answers

What does a strategic business plan provide?

<p>A roadmap for achieving company goals (D)</p> Signup and view all the answers

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