Entrepreneurial Management

In economics, capital typically refers to money. But money is not a factor of production because it is not directly involved in producing a good or service.

• True
• False

This part should draw the readers attention in order to continue reading the business plan

• Strategy
• Product/Service
• Executive Summary

Marketing research: firstly, your marketing research should be aligned with the overall company strategy. It should help the company reach its long-term goals.

• True
• False

Offering price is based on one factor and determined by the investment banker the day after the registration becomes effective.

• True
• False

Going public starts with a proposal to the company's board of directors by the management of the company.

• True
• False

A business plan is important for businesses seeking funding?

• True
• False

It’s not important to document useful data findings and test what your strengths are, because they may not change as your business grows any further.

• True
• False

Marketing strategy: this is very critical because it uncovers who your competitors are and market share.

• True
• False

Business growth requires additional cash flow needed to keep up with new demands and run day-to-day operations.

• True
• False

If your executive summary is more than three pages it will most likely not be read

• True: too much is not needed when writing an executive summary the readers will be bored
• False: More is always needed when writing an executive summary
• none of the above
• both of the above

The target market describes the customer base you will be targeting.

• True
• False

A non-material action resulting in a measurable change of state for the purchaser caused by the provider.

• Ideas
• Service
• Goods

Why are business plans used for potential investors and banks?

• none of the above
• for start up funds
• They are only used by banks NOT investors
• they are not used by investors and banks

Includes financial highlights of marketing

• Location summary
• Company Description
• Product
• Cover page

Includes the operating hours of the company

• all of the listed
• Executive Summary
• Strategy / Implementation
• Financial Plan

Which part of the business plan includes the 4 P's Place Product Production Price?

• Contact Information
• History
• Marketing Research/anaylisis
• Table of Contents

It’s easy to get complacent when your businesses profits are rising and do nothing at all.

• True
• False

A _______________ is written to present to investors as both a selling document and as a legal disclosure document.

• Board Approval
• Prospectus
• Letter of intent

This part of a business plan shows the knowledge of the industry and includes statistics on marketing data for the companies products/services, and evaluates competition

• Executive Summary
• Strategy
• Company Description
• Market Analysis

Which of the following is NOT a part of the business plan?

• Funds
• Creation Process
• all of the above
• Index Venture

Digital marketing: this has become the main channel through which companies market their products through electronic means.

• True
• False

Retail marketing:branding engrains the company’s brand into the consumer's mind. It involves various Public relations concepts to the issuance of various promotional items.

• True
• False

It's crucial that you are aware of the new set of risks and opportunities presented to your company as well as your incoming and outgoing cash flow.

• True
• False

What part of the plan deals with details about promotion, pricing, and distribution, as well as on how the business will reach customers within their target market?

• Strategy
• Company Description
• Financial projections/plans
• Market Analysis

What are the disadvantages of creating a business plan?

• distracts entrepreneur's from allowing their business to grow
• Leads away from the desired task that was the goal to be accomplished
• none of the above
• It will be more complicated to identity the companies competition

The original investment bank selected by the company will no longer assemble a syndicate of other banks prior to presenting a roadshow to prospective investors.

• True
• False

Where do you state the vision for the company, how much money you need, and how you hope to pay the money back well as the opportunity?

• Table of Contents
• History
• Executive Summary
• Financial Plan

A prospectus requires:

• A business description
• All of the above
• Disclosure of management compensation
• Explanation of management structure

Which part of the plan outlines the structure of the company, identifies the owner's of the company and their percentage, and lists board members?

• Organization
• Executive Summary
• Financial Plan
• Strategy/ Implementation

What are the advantages of creating a business plan?

• Allows them to accomplish their desired task
• It allows the entrepreneur to focus on what they want to accomplish
• All of the above
• Allows the process they will take to do it become simple and easy

Includes the purpose of the plan

• Company Description
• Products
• Executive Summary
• Financial Plan

Any creation of the intellect that has commercial value, but is sold or traded only as an idea, and not as a resulting service or good.

• Service
• Goods
• Ideas

What does the area of Background research or History explain?

• Describes the customers basis that the product will suit
• Includes the address of the business and the owner's contact information
• It includes all of the above
• Describes yourself and what experiences you bring to the venture

Includes a biography listing the owners skills and their background information

• Products
• Projections
• Management team
• Financial Plan

What are the 7 essential parts to creating a business plan?

• all of the above
• 1.Executive Summary 2.Company Description 3.Product/Services 4.Market Analysis 5.Strategy 6.Organizational/ management team 7.Finicial Plan
• none of the above

A physical product capable of being delivered to a purchaser and involve the transfer of ownership from seller to customer.

• Ideas
• Service
• Goods

Business modes describe your products or services and and what will make them appealing to the target market.

• True
• False

The Technical Aspects is the discussion of basic and operation flow of the project.

• True
• False

How many essential parts are there to a business plan?

• 8
• 6
• 5
• 7

The modern definition of factors of production is primarily derived from a contemporary view of economics.

• True
• False

Which part of the business plan should include the income statements of the company and balance sheets (cash flow)

• Financial Plan and Financial Projection
• Financial Projection
• Financial Plan
• Market Analysis

Where would an example of the descriptions the department/ key employees fit in?

• Financial Plan
• Product/Service
• Organizational
• Executive Summary

Labor refers to the effort expended by an individual to bring a product or service to the market.

• True
• False

. Regardless of products or service features and benefits, without the right team, your growth will not be maximized.

• True
• False

Includes long and short term business goals

• Company description
• Services
• Products
• Financial Plan

Branding and advertising: this is advertising products in retail stores. This includes in-store activations, product promotions, and branding.

• True
• False

What part of the plan focuses on what you are selling and the benefits that the customers will receive (the cost of the marketed items/acts)?

• Strategy
• Product/Services
• Market Analysis
• Company Description