Question 1

Define a business plan.

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Question 2

State two main purposes of a business plan.

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Question 3

Outline two sections that are typically included in a business plan.

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Question 4

Outline two sources of finance that could be stated in a business plan.

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Question 5

State what is meant by an executive summary in a business plan.

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Question 6

Outline two financial forecasts that may be included in a business plan.

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Question 7

Define a business plan.

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Question 8

State two main purposes of a business plan.

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Question 9

Outline two sections that are typically included in a business plan.

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Question 10

Outline two sources of finance that could be stated in a business plan.

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Question 11

State what is meant by an executive summary in a business plan.

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Question 12

Outline two financial forecasts that may be included in a business plan.

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Question 13

Explain why a cash flow forecast is especially important for a start-up.

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Question 14

Explain why a cash flow forecast is especially important for a start-up.

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Question 15

Explain the purpose of including a marketing strategy in a business plan.

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Question 16

Explain why an operations plan is included in a business plan.

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Question 17

A business plan includes break-even analysis. Explain how this helps decision-making.

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Question 18

Explain one reason why investors may focus most on the financial section of a business plan.

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Question 19

Explain one limitation of a business plan.

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Question 20

Explain why a business plan should include market research.

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Topic 6.5: Innovation Questions

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