Title: Default per Business Plan
Course: Business plan

La categoria default per le domande condivise nel contesto 'Business Plan'.

Feedback shared by this category's questions, if right: Risposta corretta.
Feedback shared by this category's questions, if partly right: Risposta parzialmente esatta.
Feedback shared by this category's questions, if wrong: Risposta errata.

Q: During the market analysis, in addition to analyzing direct and similar competitors, you must:
- Analyze the market trend by reporting authoritative data sources to support what you are saying
- Analyze the market trend by reporting the news you find
- Report your opinion on the current state of the market
- Report the opinion of a single expert on the state of the market
A: Analyze the market trend by reporting authoritative data sources to support what you are saying

Q: In the first few lines or on the first page of the Business Plan what is important to do?
- Write falsehoods to make yourself more interesting
- Immediately understand what will be done in the project and what are the potentials to immediately attract the attention of the reader
- Give many details intuitively
- Writing exorbitant data and gain projections to attract attention
A: Immediately understand what will be done in the project and what are the potentials to immediately attract the attention of the reader

Q: If doing the business plan you find a hole or a barrier in your project what should you do?
- Recognize that it exists and write how you will find a solution
- Ignore and pretend nothing happened, so the reader of the Business Plan will not notice
- Give up the project because you have found a problem
- Say what you will do without recognizing the hole or the problem because you don't want to be seen with faults
A: Recognize that it exists and write how you will find a solution

Q: Why do we need to do a business plan?
- because it's the first thing everyone does when they start
- it is of no use, so then when you leave things are always different from those you had planned
- verify that the project works, align with partners, look for funders, check the performance with the progress of the project
- I write the Business Plan only if I look for investors
A: verify that the project works, align with partners, look for funders, check the performance with the progress of the project

Q: The Business Plan is a document you need to prepare
- dynamically and adapt it according to the person (s) to whom you will present it
- it is a single document, always the same
- it is a document that you do at the beginning of the business to start then you don't look anymore
- it is a document that is always very complex
A: dynamically and adapt it according to the person (s) to whom you will present it

Q: You have to choose the target, how do you do it?
- Why limit yourself to choosing a target, you make your product or service, then people will decide if they are interested or not
- Identify a specific target group of people who might be interested in your product or service
- Choose an ambitious target regardless
- You appeal to everyone without distinction because by focusing on the mass you will attract those most interested to each other
A: Identify a specific target group of people who might be interested in your product or service

Q: What is the Breakeven point or break-even point?
- The time when a company covers variable costs with revenue
- The time when a company covers fixed costs with revenue
- The time when a company covers total costs with revenue
- The moment when a company beyond which it can no longer fail
A: The time when a company covers total costs with revenue

Q: The best place to find more information on designing your own individualized plan is:
- Your lawyer
- Your accountant
- The Public Library, industry or government "Business Plan" Web sites, or bookstores
- Business Planning Consultants
A: The Public Library, industry or government "Business Plan" Web sites, or bookstores

Q: The primary reason to prepare a business plan before you begin is to create a tool to deal with investors and financing sources.
- Vero
- Falso (While your business plan will be valuable in dealing with business relationships, the primary value will be to provide a format for you to thoroughly analyze all aspects of your intended business)
A: Falso

Q: In preparation of financial projections for your business plan, it is as important to estimate long range sales and earnings as it is to project short-term objectives.
- Vero
- Falso (The further out in time that you make forecasts of financial information the less meaningful it becomes. Unforeseen surprises can invalidate long-term estimates. It will be more useful to make adjustments to your short-term projections as you proceed.)
A: Falso

Q: A potential investor or lender is going to look over your business plan and in his or her mind this question will arise: Where is the tough person to make the really difficult decisions, handle negotiations skillfully and exercise restraint? Your business
- Projecting yourself in this image (assuming you're not!)
- Making a point of stating that your team of consultants including your lawyer and accountant will be employed to maintain a disciplined business approach
- Facing this issue and stating it in your business plan: your business will need tough and skillful management. Answer this need in a way that satisfies you as well those who will be doing business with you.
A: Facing this issue and stating it in your business plan: your business will need tough and skillful management. Answer this need in a way that satisfies you as well those who will be doing business with you.

Q: Preparation of a business plan is optional for some small businesses.
- Vero
- Falso (A business plan should be prepared for any start-up business. To make it easier, each session in this course has a segment of your plan to complete as you proceed. When you complete the course, your plan will be complete.)
A: Falso

Q: Your business plan could EXCLUDE:
- All the subjects covered in sessions of this course.
- Personal biographies of management.
- Financial statement projections and cash flow projections
- Your marketing and expansion plans.
- Your plans to build a new vacation home with your profits.
A: Your plans to build a new vacation home with your profits.

Q: If your business plan includes the exploitation of an invention, and provided you do not blunder in major decisions, your success can be most likely assured.
- Vero
- Falso (Success comes to those who base their plans on businesses with great economics and not necessarily great inventions.)
A: Falso

Q: Let's assume that your business plan is based on starting a real estate related business. This business plan session would lead you to most favorably consider:
- Residential and commercial sales.
- Industrial and commercial development.
- Room additions and industrial construction.
- Specialize in one of above
- None of the above.
A: Specialize in one of above

Q: In order to test your understanding of your market, the safest approach would be to:
- Rely on your personal instinct.
- Conduct a survey among your friends.
- Test market your product or service.
A: Test market your product or service.

Q: To overcome the common stumbling block of not preparing a business plan, it helps to:
- Complete the plan for each session as you proceed.
- Have your business plan completed before proceeding.
- Prepare your plan after you have completed this course.
A: Complete the plan for each session as you proceed.

Q: The business plan is:
- A valuable management tool
- Not used as a reference guide
- A powerful money-raising tool
- Both A and C
A: A valuable management tool

Q: The properly developed Business Plan should answer questions such as:
- Does the proposed business have a reasonable chance for success at the start?
- Can the product and the marketing of the product be economically financed?
- Both A and B
- Neither A and B
A: Both A and B

Q: The Business Plan should convey ideas, research findings, and
- proposed plans
- detailed information concerning competitors
- past failed business ventures
- suggestions concerning personal investment strategies
A: proposed plans

Q: The Business Plan must identify potential customers within the target market. The dividing up of the target market is called
- Industry Analysis
- the External Audit
- the Internal Audit
- Market Segmentation
A: Market Segmentation

Q: The financial data section of the Business Plan contains the following elements:
- Break-even Analysis, Cash Flow Statements, Start-Up Budget
- Financial WriteUp
- Balance Sheet and Income Statements (Profit/Loss)
- All of the above
A: Break-even Analysis, Cash Flow Statements, Start-Up Budget

Q: The purpose of Industry Analysis is to determine the performance of other firms in related industries and markets.
- Vero
- Falso
A: Vero

Q: The Target Market consists of defined segments of people that possess common characteristics and have a greater tendency to purchase a particular product or service.
- Vero
- Falso
A: Falso

Q: Geographics, Demographics, and Psychographics are all elements researched in the Industry Analysis.
- Vero
- Falso
A: Vero

An important element of the Business Plan is the _______________, which is a brief statement that captures the essence of the organization and provides direction and guidance to everyone in the company.
Feedback: Executive Summary

An important element of the Business Plan is the _______________, which is a statement that specifies the company's time-based goals that can be monitored and measured.
Feedback: Objective Statement

An important element of the Business Plan is the _______________, which outlines specific actions that the company will take in attempt to interest potential customers in, and to persuade them to buy, their products/services.
Feedback: Marketing Plan

An important element of the Business Plan is the _______________, which identifies the internal and external forces affecting the company.
Feedback: SWOT Analysis

The ''Opportunities'' and ''Threats'' of the Business Plan can be found in the _____________ portion of the SWOT Analysis.
Feedback: External Audit