The Business Plan (Junior Cert Business Studies): Quizzes

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The Business Plan
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How many main sections does a comprehensive business plan contain?

Eight sections

In SWOT analysis, which factors are internal to the business?

Strengths and Weaknesses

Which are the 4Ps in the marketing mix?

Product, Price, Place, Promotion

How many main reasons are there for developing a business plan?

Four main reasons

What is a business plan?

A roadmap outlining goals & how to meet them

What are stakeholders?

Groups with interest in business outcomes

Which Irish government agencies support businesses and require business plans for grant applications?

LEOs & Enterprise Ireland

Which production methods are mentioned in the production section?

One-off, batch, mass production

What does USP stand for in the product element of marketing?

Unique Selling Point

What is the purpose of a cash flow budget in the finance section?

To manage money in and out of business

What do financial institutions assess when reviewing business plans for loans?

The business's financial viability

What are employees interested in when they review a business plan?

Job security & career prospects

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