29. According to the textbook, a business plan is best described as a(n) __________. Show Get answer to your question and much more 30. A business plan is important as it forces the founding team to systematically think throughevery aspect of their new venture and _________. Get answer to your question and much more 31. Peter Watson is thinking about launching a small business consulting company. To getadvice on how to proceed, he stopped by his local Small Business Administration (SBA)office. The SBA advisor told Peter that one of the first thing he needs to do is to sit downand write a 25 to 35 page narrative that describes what his new business plans toaccomplish and how it plans to accomplish it. The SBA advisor is telling Peter to write a(n)____________. Get answer to your question and much more 32. Which of the following is the main purpose for writing a business plan?A. The plan helps the company develop a “road map” to follow.B. The plan introduces potential investors and other stakeholders to the businessopportunity.C. Both A and B are equally important.D. Neither A nor B captures the true purpose of a business plan. 33. In the context of competitor analysis, businesses that offer identical or similar products arereferred to as _________ competitors. Get answer to your question and much more Test Prep This preview shows page 1 - 2 out of 2 pages. Chapter 4 QuizAccording to the textbook, a business plan is best described as a: Get answer to your question and much more it is an internal document that helps a new business flesh out its businessmodel and solidify its goalsThere are two primary audiences for a business plan: Get answer to your question and much more Which of the following statements is incorrect regarding guidelines forwriting a business plan? Get answer to your question and much more There are three types of business plans: Get answer to your question and much more The __________ is a short overview of the entire business plan. Get answer to your question and much more The "operations plan" section of a business plan deals with the: End of preview. Want to read all 2 pages? Upload your study docs or become a Course Hero member to access this document  Entrepreneurship: Successfully Launching New Ventures, 4e (Barringer/Ireland) Chapter 4 Writing a Business Plan 1) Lincoln & Lexi, the company profiled in the opening feature for Chapter 4, was founded to: A) sell consulting services to e-commerce sites B) provide nannie and tutoring services C) sell jewelry online D) sell iPhone apps for casual gamers E) sell children's clothing through home parties and baby showers Answer: E Diff: 1 Page Ref: 111 Topic: The Business Plan AACSB: Reflective Thinking Objective: Describe the components of a business plan 2) Martin Nelson is thinking about launching a small business consulting company. To get advice on how to proceed, he stopped by his local Small Business Administration (SBA) office. The SBA advisor told Martin that one of the first things he needs to do is to sit down and write a 25 to 35 page narrative that describes what his new business plans to accomplish and how it plans to accomplish it. The SBA advisor is telling Martin to write a(n): A) tactical plan B) marketing plan C) operations plan D) business plan E) feasibility analysis Answer: D Diff: 1 Page Ref: 112 Topic: The Business Plan AACSB: Reflective Thinking Objective: Describe the components of a business plan 3) Which of the following is the main purpose for writing a business plan? A) The plan helps the company develop a "road map" to follow. B) The plan introduces potential investors and other stakeholders to the business opportunity. C) Both A and B are equally important. D) Neither A nor B captures the true purpose of a business plan. E) Reason A is the most important for experienced entrepreneurs and reason B is the most important for inexperienced entrepreneurs. Answer: C Diff: 2 Page Ref: 112 Topic: The Business Plan AACSB: Reflective Thinking Objective: Describe the components of a business plan 1 What are the guidelines for writing a business plan?How to Write a Business Plan, Step by Step. Write an executive summary.. Describe your company.. State your business goals.. Describe your products and services.. Do your market research.. Outline your marketing and sales plan.. Perform a business financial analysis.. Make financial projections.. Which of the following is the main purpose for writing a business plan quizlet?The main purpose of writing a business plan is to test the viability of the business idea and set a path for the entrepreneur to follow.
Which of the following is the main purpose for writing a business plan Mcq?✓ The purpose of a Business Plan is to identify, describe and analyze a business opportunity and/or a business already under way, examining its technical, economic and financial feasibility.
Which of the following should be included in the business plan?The executive summary, marketing plan, key management bios, and financial plan business plan sections are critical and should be included in all business plans. Additional sections can be added to these four when targeting specific purposes and audiences.
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Which of the following statements is incorrect regarding guidelines for writing a business plan
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