A) as soon as you open the cover.
B) on the cover of the plan.
C) immediately before the executive summary.
D) immediately after the executive summary.
E) between the executive summary and the company description.
Correct Answer
verified
Multiple Choice
A) Director of Advertising and Promotions
B) Director of Research and Development
C) Vice President of Marketing
D) Director of Human Resources
E) Senior Distribution Manager
Correct Answer
verified
Multiple Choice
A) potential substitutes; break-even analysis
B) the closest competition; situational analysis
C) industry standards; marginal analysis
D) the closest competition; diversification analysis
E) industry standards; break-even analysis
Correct Answer
verified
Multiple Choice
A) the executive summary.
B) the strategic plan.
C) the vision statement.
D) the bonding statement.
E) the market-product summary.
Correct Answer
verified
Multiple Choice
A) the time frame.
B) the competition.
C) available resources.
D) the financial investment needed.
E) the kind and complexity of the organization.
Correct Answer
verified
Multiple Choice
A) give a broad general overview.
B) function as a sales document.
C) be more informally written.
D) be directed to the people who would be affected by it.
E) be directed to the people who must implement the plan.
Correct Answer
verified
Multiple Choice
A) Use different color fonts or paper to represent different sections of your plan.
B) Do not use a business plan unless you are borrowing at least $100,000.
C) Be positive and specific to convey potential success.
D) Include as an attachment formal resumes for all key players in your management team.
E) Set a firm date by which you will require an answer from a potential investor, after which you will take your plan somewhere else.
Correct Answer
verified
Multiple Choice
A) target markets; market-product grid
B) market segment; situational analysis
C) customer base; growth-share matrix
D) market segment; growth-share matrix
E) target markets; situational analysis
Correct Answer
verified
Multiple Choice
A) Internal Factors and Strengths; External Factors and Weaknesses.
B) Internal Factors both Strengths and Weakness; External Factors both Strengths and Weaknesses.
C) Internal Factors both Strengths and Weaknesses; External Factors both Opportunities and Threats.
D) Financial Factors; Nonfinancial Factors.
E) Domestic Issues; Global Issues.
Correct Answer
verified
Multiple Choice
A) Director of Advertising and Promotions
B) Director of Operations
C) Director of Research and Development
D) Director of Human Resources
E) Senior Distribution Manager
Correct Answer
verified
Multiple Choice
A) the financial investment needed.
B) the time frame.
C) available resources.
D) the industry.
E) the competition.
Correct Answer
verified
Multiple Choice
A) As a quick rule of thumb, there should be one page for every $10,000 required in the projected budget.
B) The length of a business plan should never be less than 30 pages or greater than 35 pages in length.
C) The length of the body of the plan should be between 15 and 30 pages including financial projections and appendixes.
D) For every page in the body of the work there should be at least one additional page in the appendix to complement it.
E) Although general guidelines suggest a length of 15 to 35 pages, the length of the plan should reflect the complexity of the product or service.
Correct Answer
verified
Multiple Choice
A) Southwestern flavors and other regional foods in general.
B) spicy foods and chili peppers.
C) ethnic foods and regional cuisine.
D) bean products, cheese products, and tortillas.
E) heartier foods that are simple to prepare.
Correct Answer
verified
Multiple Choice
A) unique, high-quality, high-price products
B) many lower-quality, lower-price competitors
C) fewer economies of scale than of huge competitors
D) consumer income is high and convenience is important to U.S.households
E) more households "eating out," and bringing prepared take-out into home
Correct Answer
verified
Multiple Choice
A) include every possible piece of information available.
B) catch the reader's attention with its design and sophistication.
C) create a visual metaphor.
D) summarize a large amount of information in a short amount of space.
E) clarify difficult financial information or calculations.
Correct Answer
verified
Multiple Choice
A) product and process.
B) product and service.
C) internal and external.
D) employee and customer.
E) financial and nonfinancial.
Correct Answer
verified
Multiple Choice
A) act as a contingency plan for alternative actions.
B) sidestep responsibility if things do not go according to plan.
C) create an open dialog for additional financial requests.
D) gloss over possible forecasting ambiguities.
E) avoid setting specific monetary goals.
Correct Answer
verified
Multiple Choice
A) Who is your competition and what are they doing?
B) Who will be your key suppliers?
C) Does the plan clearly describe how those providing capital will get their money back and make a profit?
D) How will you calculate your profit margins?
E) Does the prospective product meet all government safety standards?
Correct Answer
verified
Multiple Choice
A) penetration pricing
B) skimming pricing
C) prestige pricing
D) specialty product pricing
E) demand-backward pricing
Correct Answer
verified
Multiple Choice
A) the company sets goals that are both flexible and adaptable.
B) objectives are set for the product, and target market segments are identified for it.
C) at least 25% of the initial budget includes advertising and promotional expenditures.
D) all initial production, distribution, and promotion is done in-house where management can exert the greatest quality control.
E) the firm outsources those elements of production, distribution, or promotion in which they have the least expertise.
Correct Answer
verified
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