Question 1

Craftsmanship and customization are examples of:

Accepted Answer

A)   a fragmented industry strategy.
B)   a generic strategy.
C)   a supra-strategy.
D)   a risk strategy.E) B) and D)
F) C) and D)

Question 2

Which of the following terms indicates that a product or service is being kept as a trade secret or is protected legally using patents,trademarks,copyright,or service mark?

Accepted Answer

A)   External legitimacy
B)   Proprietary technology
C)   Test marketing
D)   Corporate veilE) B) and C)
F) C) and D)

Question 3

Differentiate between the vision statement and the mission statement of a business plan presentation.

Accepted Answer

A firm's vision statement is the most im...

Question 4

A business plan presentation remains the same for different audiences.

Accepted Answer

A) True 
 B)False

Question 5

Which of the following terms refers to a paragraph that describes the firm's goals and competitive advantages?

Accepted Answer

A)   Tagline
B)   Executive summary
C)   Mission statement
D)   Elevator pitchE) All of the above
F) A) and D)

Question 6

Briefly describe the five types of business planning presentations.

Accepted Answer

The five types of business planning pres...

Question 7

Which of the following business plans is also called a mini-plan?

Accepted Answer

A)   Invention plan
B)   Concept plan
C)   Screening plan
D)   Operational planE) None of the above
F) A) and B)

Question 8

What is the goal of appendixes?

Accepted Answer

A)   To inform customers and partners about a firm and its products
B)   To establish marketing strategies and identify major competitors
C)   To provide supporting information that helps detail the key selling points of a plan
D)   To explain the growth plan and competitive strategiesE) None of the above
F) A) and C)

Question 9

When a product or service is truly new to everyone,it is considered a pioneering business.

Accepted Answer

A) True 
 B)False

Question 10

Typically,for a start-up business the financials:

Accepted Answer

A)   give the monthly income and cash flow for the first year.
B)   give the quarterly income and cash flow for the third year.
C)   offer two-year projections for the income,cash flow,and balance sheet.
D)   report the last five years of actual data.E) A) and B)
F) A) and C)

Question 11

Which of the following is a major component of a classic business plan?

Accepted Answer

A)   Invention plan
B)   Proof-of-concept Web site
C)   The financials
D)   Private placement memorandumE) All of the above
F) C) and D)

Question 12

Research suggests that firms without a business plan are less likely to close down than firms with plans.

Accepted Answer

A) True 
 B)False

Question 13

In Connie's business plan,which of the following components is most likely to be of interest to Mr.Johnson?

Accepted Answer

A)   Cash flow and cash cycle
B)   Growth rate
C)   Competitive advantage
D)   Amounts and schedules for returnsE) B) and D)
F) B) and C)

Question 14

In the _____ section of a classic business plan,sales plan,competitive plan,and growth plan are discussed.

Accepted Answer

A)   company
B)   organization
C)   financials
D)   marketE) A) and B)
F) C) and D)

Question 15

A law firm needs to present a business plan to government officials.Which of the following is most likely to be expected by the officials in the business plan?

Accepted Answer

A)   High growth rate
B)   Compliance with regulations and laws
C)   Intellectual property protection
D)   Competitive advantageE) None of the above
F) A) and C)

Question 16

Which of the following statements is true of a business plan presentation?

Accepted Answer

A)   Typically,a business plan presentation does not follow the content of a business plan.
B)   The content of a business plan presentation remains the same for different audiences.
C)   Handouts are mailed or distributed when the business plan changes frequently.
D)   Listeners check presentations for the content and not for the professionalism and passion of the presenter.E) None of the above
F) B) and C)

Question 17

Informational plan focuses on the market and operationalization of a new invention.

Accepted Answer

A) True 
 B)False

Question 18

Which of the following is most likely to be the key information that joint venture partners seek in a business plan?

Accepted Answer

A)   Asset or collateral base
B)   Cash flow and cash cycle
C)   Intellectual property protection
D)   Stability of firmE) All of the above
F) C) and D)

Question 19

In the context of a business plan,a firm's responsiveness to customers is a key concern of bankers.

Accepted Answer

A) True 
 B)False

Exam 8: Business Plans: Seeing Audiences and Your Business Clearly

Craftsmanship and customization are examples of:

Correct Answer
verified

Which of the following is most likely to be the key information that joint venture partners seek in a business plan?

Correct Answer
verified

When a product or service is truly new to everyone,it is considered a pioneering business.

Correct Answer
verified

Which of the following terms refers to a paragraph that describes the firm's goals and competitive advantages?

Correct Answer
verified

A business plan presentation remains the same for different audiences.

Correct Answer
verified

Differentiate between the vision statement and the mission statement of a business plan presentation.

Correct Answer
verified
A firm's vision statement is the most im...
View Answer

Which of the following terms indicates that a product or service is being kept as a trade secret or is protected legally using patents,trademarks,copyright,or service mark?

Correct Answer
verified

Research suggests that firms without a business plan are less likely to close down than firms with plans.

Correct Answer
verified

In Connie's business plan,which of the following components is most likely to be of interest to Mr.Johnson?

Correct Answer
verified

A law firm needs to present a business plan to government officials.Which of the following is most likely to be expected by the officials in the business plan?

Correct Answer
verified

Which of the following business plans is also called a mini-plan?

Correct Answer
verified

In the _____ section of a classic business plan,sales plan,competitive plan,and growth plan are discussed.

Correct Answer
verified

What is the goal of appendixes?

Correct Answer
verified

Briefly describe the five types of business planning presentations.

Correct Answer
verified
The five types of business planning pres...
View Answer

Informational plan focuses on the market and operationalization of a new invention.

Correct Answer
verified

Typically,for a start-up business the financials:

Correct Answer
verified

Which of the following is a major component of a classic business plan?

Correct Answer
verified

Which of the following statements is true of a business plan presentation?

Correct Answer
verified

In the context of a business plan,a firm's responsiveness to customers is a key concern of bankers.

Correct Answer
verified

Exam 8: Business Plans: Seeing Audiences and Your Business Clearly

Craftsmanship and customization are examples of:

Correct AnswerverifiedShow Answer

Which of the following is most likely to be the key information that joint venture partners seek in a business plan?

Correct AnswerverifiedShow Answer

When a product or service is truly new to everyone,it is considered a pioneering business.

Correct AnswerverifiedShow Answer

Which of the following terms refers to a paragraph that describes the firm's goals and competitive advantages?

Correct AnswerverifiedShow Answer

A business plan presentation remains the same for different audiences.

Correct AnswerverifiedShow Answer

Differentiate between the vision statement and the mission statement of a business plan presentation.

Correct AnswerverifiedA firm's vision statement is the most im...View AnswerShow Answer

Which of the following terms indicates that a product or service is being kept as a trade secret or is protected legally using patents,trademarks,copyright,or service mark?

Correct AnswerverifiedShow Answer

Research suggests that firms without a business plan are less likely to close down than firms with plans.

Correct AnswerverifiedShow Answer

In Connie's business plan,which of the following components is most likely to be of interest to Mr.Johnson?

Correct AnswerverifiedShow Answer

A law firm needs to present a business plan to government officials.Which of the following is most likely to be expected by the officials in the business plan?

Correct AnswerverifiedShow Answer

Which of the following business plans is also called a mini-plan?

Correct AnswerverifiedShow Answer

In the _____ section of a classic business plan,sales plan,competitive plan,and growth plan are discussed.

Correct AnswerverifiedShow Answer

What is the goal of appendixes?

Correct AnswerverifiedShow Answer

Briefly describe the five types of business planning presentations.

Correct AnswerverifiedThe five types of business planning pres...View AnswerShow Answer

Informational plan focuses on the market and operationalization of a new invention.

Correct AnswerverifiedShow Answer

Typically,for a start-up business the financials:

Correct AnswerverifiedShow Answer

Which of the following is a major component of a classic business plan?

Correct AnswerverifiedShow Answer

Which of the following statements is true of a business plan presentation?

Correct AnswerverifiedShow Answer

In the context of a business plan,a firm's responsiveness to customers is a key concern of bankers.

Correct AnswerverifiedShow Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified
A firm's vision statement is the most im...
View Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified
The five types of business planning pres...
View Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
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