Business Plans and Start-ups — Important Questions
ICSE · Class 11 · Entrepreneurship
65 important questions from Business Plans and Start-ups for ICSE Class 11 Entrepreneurship, with answers. Includes multiple choice and multiple correct.
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Important Questions from Business Plans and Start-ups
Which of the following are listed as critical functions of a business plan?
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Strategic decision-making, Facilitating communication, Attracting investors
A business plan performs these key functions by guiding decisions, sharing information clearly and helping attract funding.
Which of the following are common formats of a business plan?
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Executive Summary, Products and Services, Market Analysis
Common business plan formats include Executive Summary, Products and Services, Market Analysis, Marketing Strategy and Financial Plans.
What is the main purpose of the Market Analysis section in a business plan?
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To study demand, competitors and market conditions
Market analysis examines customer needs, competitor strategies, industry trends and market size to judge feasibility.
Which of the following are included in the Marketing Strategy section of a business plan?
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Pricing strategy, Promotional tools, Distribution channels
Marketing strategy explains how the product will be priced, promoted and distributed in the market.
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