Reference no: EM132287524
1. Investors will want to see how your business plan addresses:
a. A rebuttal to your feasibility plan as critical business challenges.
b. A summary of the technology that you expect to develop.
c. Your competitor’s operational plan.
d. Your unproven assumptions and wishful thinking projections.
e. The strategic growth plan showing how you will achieve your goals
2. Which of the following is NOT information an investor will need in a business plan document?
a. The entrepreneurial relationship you maintain within your market and how your product and services meet a specific need
b. Your strategic growth plan
c. Assurance that your market does not have competitors
d. The differentiating advantage of your business
e. Your financials
3. When the Royal Bank of Canada provides financial services for customers in the United? States, the customers are? ________.
A importing intellectual property
B exporting services
C exporting goods
D importing services
E importing goods
4. Which of the following is common business plan error:
a. A business plan occasionally will not have enough marketing information.
b. For most new ventures, the business plan should address one specific purpose.
c. The business plan should be written while the feasibility analysis is being completed.
d. Writing a business plan usually provides too much information that is not required in seeking capital.
5. Which of the following statements is incorrect about business plans? Select one or more:
a. For most new ventures, the business plan is a dual-purpose document used both inside and outside the firm.
b. Both A & B
c. The business plan should be written while the feasibility analysis is being completed.
d. Writing a business plan forces a firm's founders to systematically think through each aspect of their new venture.
e. A large percentage of entrepreneurs do not write business plans for their new ventures.
6. Which of the following is a disadvantage of online stores?
Dependent largely upon part-time workforce
Less flexible business hours
Shopping cart abandonment
Global reach
7. Which of the following is true?
Shoppers engaged with multiple channel experiences shop more frequently
Multi-channel shoppers are disloyal customers
Multi-channel shoppers prefer e-commerce
None of the listed is true
8. Which of the following is a measure of the impact of the holiday season on retail sales?
Number of active Holiday promotions
Cyber Monday sales
Number of credit lines opened during Holiday season
Number of retailers active on the market