business plan

• What is the first section of a business plan?

  Business idea
• Which element is not included in a business plan?

  Stock market price
• Which stakeholders might be interested in a business plan?

  Bank
• What acronym is used when creating business objectives?

  SMART
• How does a business plan minimize risk?

  It allows informed decisions about the business
• What are the four elements of the marketing mix?

  • Product
  • Price
  • Place
  • Promotion
• Why would a bank be interested in a business plan?

  To determine loan repayment ability
• Who else, besides a bank, would want to see a business plan?

  A potential investor
• Which business element is not a major part of a business plan?

  Location
• What are the two main categories of research for a business plan?

  • Primary research
  • Secondary research
• What is the purpose of a business plan?

  To outline elements for business success
• How does a business plan help entrepreneurs?

  It guides informed decision-making