Business Plan Preparation
Commerce ⇒ Entrepreneurship
Business Plan Preparation starts at 11 and continues till grade 12.
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See sample questions for grade 11
A new entrepreneur wants to open a bakery in a city. What key information should be included in the business plan to attract investors?
Describe the difference between a business plan and a feasibility study.
Describe the role of the management team in a business plan.
Explain the importance of a business plan for an entrepreneur.
Explain the role of the appendix in a business plan.
Explain why it is important to include an exit strategy in a business plan.
Explain why market research is important in preparing a business plan.
A new entrepreneur wants to open a bakery in a city. What key information should be included in the business plan to attract investors?
Which of the following best describes the purpose of the financial plan in a business plan? (1) To outline the business's marketing strategies (2) To estimate the financial requirements and projections (3) To describe the business's products (4) To introduce the management team
Which of the following is a benefit of preparing a business plan? (1) Reduces competition (2) Helps in decision making (3) Guarantees profit (4) Eliminates risks
Which of the following is a key element of the financial plan? (1) Market segmentation (2) Cash flow statement (3) Product features (4) Organisational chart
Which of the following is a limitation of a business plan? (1) It is time-consuming to prepare (2) It guarantees success (3) It eliminates all risks (4) It is not required for small businesses
Fill in the blank: The ________ section of a business plan analyses the industry, market trends, and customer needs.
Fill in the blank: The ________ section of a business plan describes the business's products, their unique features, and benefits to customers.
Fill in the blank: The ________ section of a business plan details the products or services offered by the business.
Fill in the blank: The ________ section of a business plan outlines the business's goals and the strategies to achieve them.
True or False: A business plan is only useful for large businesses.
True or False: A business plan should be kept confidential and not shared with anyone.
True or False: The business description section of a business plan includes information about the business's legal structure.
True or False: The business plan should be tailored to its audience, such as investors, banks, or internal management.
