Question 1 Not yet answered Marked out of 1.00 P Flag question Each business plan may be different depending on the purpose of the plan and who will be reading it. Select one: True False Question 2 Not yet answered Marked out of 1.00 Flag question Entrepreneurs must be able to handle stress. Select one: True False Question 3 Not yet answered Marked out of 1.00 Flag question Business plan should describe where the entrepreneur is, where they want to go with the company, and how they plan to do so. Select one: True False Question 4 Not yet answered Marked out of 1.00 P Flag question Prior to setting the price, the entrepreneur will not need to consider costs or competition. Select one: True False Question 5 Not yet answered Marked out of 1.00 P Flag question Business Plan is useful in getting finance for the business. Select one: True False Question 6 Not yet answered Marked out of 1.00 P Flag question Business Plan acts as a guideline for the entrepreneur and integrates all elements of the business. Select one: True False Question 7 Not yet answered Marked out of 1.00 P Flag question Technology has eliminated many barriers to business entry. Select one: True False Question 8 Not yet answered Marked out of 1.00 Flag question section provides complete overview of the product(s), service(s), and operations of a new venture. Select one: Description of the venture Description of the product. Description of the market. Description of the service. Question 9 Not yet answered Marked out of 1.00 P Flag question is to determine the different potential target markets in an industry. Select one: Market targeting Market segmentation Market positioning All the above Question 10 Not yet answered Marked out of 1.00 Flag question With limited budgets, many entrepreneurs that need to be creative in their promotions are turning to: Select one: Public relations. Personal selling. social media Advertisements. Question 11 Not yet answered Marked out of 1.00 Flag question Assessment of external uncontrollable variables that may impact the business plan. Select one: Marketing Plan. Market analysis. Competitors analysis. Environmental analysis Question 12 Not yet answered Marked out of 1.00 P Flag question describes market conditions and strategy related to how the product(s) and service(s) will be distributed, priced, and promoted. Select one: Operations plan. Production plan Business plan. Marketing plan. Question 13 Not yet answered Marked out of 1.00 P Flag question is a written document prepared by the entrepreneur that describes all the relevant external and internal elements involved in starting a new venture. Select one: Business Plan. Production plan Marketing Plan. Operations Plan. Question 14 Not yet answered Marked out of 1.00 Flag question Which of the following is not a part of the production plan? Select one: Future equipment needs Manufacturing process Machinery and equipment Storage needs of the venture Question 15 Not yet answered Marked out of 1.00 Flag question performs projections of key financial data that determine economic feasibility and necessary financial investment commitment. Select one: Marketing Plan. Financial plan. Operations Plan. Production plan