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Final Review exam(vcpe) questions n answers
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Final Review exam(vcpe) questions n answers
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Final Review exam(vcpe)planning - correct answer ✔✔what is a description of the future one envisions for a business including
what one plans to do and how one plans to do it
all planning starts with an blank - correct answer ✔✔vision
creating a business brief is not too blank intensive - correct answer ✔✔time
t/f many entrepreneur are resistant to the idea of writing a plan - correct answer ✔✔true
a plan study is a planning tool that allows entrepreneurs to test the possibilities if an initial idea - correct
answer ✔✔feasibility
traditional investors and bankers prefer - correct answer ✔✔a business plan
the business model canvas plan is useful for identifying blank - correct answer ✔✔gaps
the pitch deck has replaced the formal business plan in most venues t/f - correct answer ✔✔true
End users, distributors, and retailers are examples of ______. - correct answer ✔✔customers
how does the entrepreneur determine market size ? - correct answer ✔✔conducting a market analysis
t/f the competition is not included in the plan - correct answer ✔✔false
financial projections include blank and expenses - correct answer ✔✔revenues
, a blank statement is a written representation of the entrepreneurs vision for a product or service -
correct answer ✔✔concept
the time to write a business plan is - correct answer ✔✔once you have gathered data to prove concept
what is the most time-consuming and complex document to create - correct answer ✔✔business plan
once of the reasons to not write a business plan is that - correct answer ✔✔plan is old as soon as it is
printed
mistakes in the plan are okay since they will be revised t/f - correct answer ✔✔false
no matter what type of plan is used, it should represent the blank - correct answer ✔✔entrepreneurs
ideas
Many people neglect to properly define target ______. - correct answer ✔✔audience
the type of language in the plan should be - correct answer ✔✔direct
when addressing financials in your plan, it is best to err on the side of blank - correct answer ✔✔being
conservative
the most formal of planning tools, it is typically a lengthy written document discussing the business
concept, product mix, marketing plan, operations plan , development plan and financial forecast D -
correct answer ✔✔business plan
a written representation of your vision for your product or service D - correct answer ✔✔concept
statement
a planning tool that allows entrepreneurs to test the possibilities of an initial idea to see if it worth
pursing - correct answer ✔✔feasibility study
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