One of the possible career opportunities in-lined with entrepreneurship whose job is to converts new ideas into execution is ______________

This section of the business plan helps you determine your monetary needs.

This section of the business plan shows the structure of the people who will do the business.

It is a study conducted before a decision to proceed and provide investigative function.

Business Plan is prepared BEFORE a decision to proceed has been made.

Which of the following doesn't define a business plan?

A business plan can describe its goal clearly, contains concrete objectives, and include specific actions and activities then therefore it is _________.

Which of the following is not a characteristic of a good business plan?

A business plan is an essential roadmap for business success. It describes the direction the company is taking, what its goals are, where it wants to be, and how it is going to get there.

Provide information about the company you are starting up, like what kind of problem your product or service would solve and who the most likely customer is.

It is an assessment of the strengths and weaknesses of current and potential competitors

It offers an overview of your brand, including your mission statement, and specifics of what you are offering.

It is a quantitative and qualitative assessment of a market. It examines the market size, various market segments, customer buying patterns, the competition, and the economic environment

It offers a comprehensive description of your promotional strategy, pricing plan, planned advertisement and promotion activities, and the advantages of your product or service.

Ownership and Management plan details the legal framework and management resources of your company, including your internal management team, external management resources and human resources needs.

It is the process of developing, conducting, managing, operating, directing and evaluating a business venture in order to gain profit by taking several risks. It is also defined as the act of discovering new ways of combining resources to produce new products and services.

It offers information about how the company is going to operate.

This part provides any additional details that will help to build the legitimacy of your business

A type of business plan with 25-35 pages that works best for new ventures who are at a point that need funding for financing.

Operational business plan consist of 40-100 pages

ROI stands for ______________________

A popular method of repayment is through dividend payments.

Listed are the content of Funding Request except _______.

It should define the organization line/lines of business, identify its products and services, and specify the markets it serves at present and near future.

The question “where do you want your business to go?” in business planning is being defined by what component of a business plan?

It is the survey research and analysis of the market for a product/service which includes the investigation into customer inclinations.

Is a pricing strategy that involves setting high prices when a product is introduced and then gradually lowering the price as more competitors enter the market.

It involves targeting customers looking to save as much money as possible on whatever good or service they’re purchasing.

Which of the following best described Demand-based Pricing?

It is the process whereby a business sets the price at which it will sell its products and services

Emerging competitors, changing regularoty environment, negative press/media coverage are example of _________________

Few competitors in your area is an example of strenght.

Listed are examples/guides in identifying a company's weaknesses, except _________

Serenitea, Coco Fresh Tea and Juice and Gong cha are direct competitor of _____________________

Competition among companies that sell different types of goods that target the same customer group and satisfy the same needs is called Direct Comptetion.

Competition among companies that are offering very similar products and services.

It is a segmentation based on customers belief and values.

It is the practice of dividing a company’s customers into groups that reflect similarity among customers in each group.

The goal of segmenting customers is to decide how to relate to customers in each segment in order to maximize the value of each customer to the business.

Target Market is how many potential customers there are for your product or service.

They are a group of consumers at which a product or service is aimed; your actual customers.

An industry comprises processing, preservation, conversion, and preservation of eatable items.

This part of Market Analysis describes the current state of your industry and where it is headed.

If you are reselling an oximeter for Php 250.00/each. Then your potential market is 100 with a penetration rate of 75%. How much is the Potential Market Value?

Market Volume is also known as OMV, or "open market valuation") is the price an asset would fetch in the marketplace, or the value that the investment community gives to a particular equity or business.

This is the total amount of transactions in a specific marketplace over a given time frame.

It is a quantitative and qualitative assessment of a market.

Which one is TRUE about entrepreneurship?

It refers to the discovery of new ideas that provide new ventures, products, technology and quality of goods.

He/She worked as a sales lady in a bookstore. They had to rebuild their business three times from scratch, but it did not deter them from pursuing their dream of running a successful bookstore.