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 12
A business plan for a new bakery includes a projected income statement showing a net profit of Rs. 2,00,000 in the first year. What is the significance of this projection?
Describe the process of preparing a business plan in brief.
Describe the role of the appendix in a business plan.
Explain the difference between a business plan and a feasibility study.
Explain the importance of a business plan for an entrepreneur.
Explain the importance of competitor analysis in a business plan.
Explain why market analysis is important in business plan preparation.
A business plan for a new bakery includes a projected income statement showing a net profit of Rs. 2,00,000 in the first year. What is the significance of this projection?
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 provide projected income statements, cash flow, and balance sheets (3) To describe the business's products and services (4) To introduce the management team
Which of the following is a key element of the marketing plan section? (1) Organisational structure (2) Pricing strategy (3) Cash flow statement (4) Legal agreements
Which of the following is a limitation of a business plan? (1) It is time-consuming to prepare (2) It guarantees business success (3) It is not required for startups (4) It replaces the need for market research
Which of the following is a primary function of the management plan in a business plan? (1) To describe the business's location (2) To outline the organisational structure and key personnel (3) To provide sales forecasts (4) To list suppliers
Fill in the blank: A ________ analysis identifies the strengths, weaknesses, opportunities, and threats related to a business.
Fill in the blank: The ________ section of a business plan describes the business's mission, vision, and objectives.
Fill in the blank: The ________ section of a business plan explains how the business will deliver its products or services to customers.
Fill in the blank: The ________ section of a business plan forecasts the expected revenues, expenses, and profits.
Is it necessary to include a SWOT analysis in a business plan? Yes or No.
Is it true that a business plan can help identify potential risks and challenges?
True or False: A business plan is only useful for large businesses.
True or False: A business plan should be updated regularly as the business grows.
