A) executive summary
B) strategic plan
C) vision statement
D) overview of financial projections
E) synopsis
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Multiple Choice
A) the information is printed in English on one side and Spanish on the other.
B) the color of the box gets redder as the spices gets hotter.
C) there is a Southwestern a motif on the box instead of pictures of the product.
D) there is a thermometer strip that indicates when the product is properly thawed.
E) there are hidden figures created by the outlines of the chili beans for people to look at while preparing the meal.
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Multiple Choice
A) resellers
B) competitors
C) stakeholders
D) product groupings
E) target markets
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Multiple Choice
A) the time frame
B) the competition
C) the available resources
D) the target audience and purpose
E) the financial investment needed
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Multiple Choice
A) Strategy
B) Organization
C) Implementation
D) Evaluation
E) Appendix
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Multiple Choice
A) 5%
B) 17%
C) 26%
D) 32%
E) 41%
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Multiple Choice
A) Visuals should not be used unless they are in black and white; color is not considered professional in a formal business plan.
B) Visuals should be used sparingly because it is assumed that if you cannot explain an idea in words,you don't have a sufficient grasp of your product.
C) Visuals such as illustrations,graphs,and charts are acceptable; photos are less professional and should be avoided.
D) Visuals such as photos,illustrations,graphs,and charts enable massive amounts of information to be presented succinctly.
E) Visuals should appear in the appendices of the plan,never in the body of the plan itself.
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Multiple Choice
A) SWOT analysis.
B) situational analysis.
C) marginal analysis.
D) diversification analysis.
E) break-even analysis.
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Multiple Choice
A) be used liberally,at least one every 200 to 300 words.
B) only be used in marketing plans and not in business plans.
C) only be used in business plans and not in marketing plans.
D) be used sparingly,otherwise they lose their cohesiveness and effectiveness.
E) continue in traditional outline form all the way through E-level (the fifth level) if needed,but no further.
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Multiple Choice
A) product benefits,product line,product packaging.
B) product characteristics,branding strategies,and packaging.
C) unique product quality,product line,branding strategies.
D) product line,unique product quality,and packaging.
E) product line,product brand,product packaging.
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Multiple Choice
A) quantity discounts,in-store demonstrations,and buy-one-get-one-free promotions.
B) bundle pricing with a chili bowl,in-store demonstrations,and cents-off coupons.
C) a chili eating contest,in-store demonstrations,and cents-off coupons.
D) a contest for the best new slogan,a chili eating contest,and free taste tests at major grocery chains.
E) in-store demonstrations,recipes,and cents-off coupons.
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Multiple Choice
A) Director of Advertising and Promotions
B) Director of Operations
C) Director of Research and Development
D) Director of Human Resources
E) Senior Distribution Manager
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Multiple Choice
A) Director of Advertising and Promotions
B) Director of Research and Development
C) Director of Finance and Administration
D) Director of Human Resources
E) Senior Distribution Manager
Correct Answer
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Multiple Choice
A) Does the prospective product meet all government safety standards?
B) Who is your competition and what are they doing?
C) Who will be your key suppliers?
D) Is the business or marketing idea valid?
E) What are your taxes?
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Multiple Choice
A) Do not use a business plan unless you plan to borrow at least $100,000.
B) Include as attachment the résumés for all key players in your management team.
C) To save paper,send the plan in digital (Adobe Acrobat PDF) format to all potential investors.
D) Use numbers for impact.
E) Use different color fonts or paper to represent different sections of your plan.
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Multiple Choice
A) "Where are we now?"
B) "What is the competition doing?"
C) "How will our organization change?"
D) "What is happening in the industry?"
E) "Where are we going?"
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Multiple Choice
A) In contrast to a marketing plan,a business plan is a road map for the entire organization for a specified future period of time,such as one year or five years.
B) In contrast to a business plan,a marketing plan is a road map for the entire organization for a specified future period of time,such as one year or five years.
C) A marketing plan contains a greater degree of detail regarding research and development,operations,and manufacturing activities of the organization.
D) A business plan is used for industrial products and a marketing plan is used for consumer products.
E) A business plan is used for manufactured products and a marketing plan is used for services.
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Multiple Choice
A) unique,high-quality,high-price products
B) many lower-quality,lower-price competitors
C) technical breakthroughs enable smaller food producers to achieve many economies available to large competitors
D) consumer income is high and convenience is important to U.S.households
E) more households "eating out" and bringing prepared take-out into the home
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Multiple Choice
A) 35%
B) 47%
C) 66%
D) 79%
E) 86%
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Multiple Choice
A) the kind and complexity of the organization
B) the educational background of the key personnel
C) the investment potential of the investors
D) how well you know your audience
E) whether the plan is for a product or service
Correct Answer
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