Business Plan Quiz Questions And Answers
We have designed this amazing 'Business Plan' quiz that is based on business strategies and other concepts related to it. The quiz is designed to test your understanding of the Business role model subject. So, check out this quiz and see how well you can score. Try answering all the questions correctly. Your score will determine how good of a business tycoon you can become. So, are you ready? Let's start then.
What is the component of business plan?
Marketing Strategy
Sales Strategy
Executive Summary
All of the above
Rate this question:
The stockholder may read only the executive summary of a business plan to decide about the investment in that business. State true or false.
___________ in a business plan shows the estimated profit and expenses of the venture..
Financial plan
Revenue model
Accounts payable
None of the above
What is a component(s) of a business plan? (You can choose more than one choice)
Financial Plan
Safety Plan
Operation Plan
Which of these business components help in understanding how the business's plans to expand in the future?
Growth strategy
Competitor's analysis
Company description
Revenue plan
Which of the following is NOT a component of the Business Plan?
Company Description
Competitive Analysis
Marketing Plan
Name the strategy which helps in understanding competitors' marketing strategy.
Marketing analysis
Growth plan
Which of these business statements provides an explanation of the organization's reason for existence?
Executive summary
Objective Statement
Mission Statement
The role of a business plan is to identify potential customers within the target market. The process of dividing up the target market is called ____________.
Market segmentation
Industry Analysis
Marketing plan
Market analysis
In general, how many types of business plans are there?
Related Topics
- Agriculture
Featured Quizzes
Popular Topics
- Advertising Quizzes
- Brand Quizzes
- Business Accounting Quizzes
- Business Analyst Quizzes
- Business Development Quizzes
- Business Environment Quizzes
- Business Etiquette Quizzes
- Business Finance Quizzes
- Business Math Quizzes
- Business Organization Quizzes
- Business Process Quizzes
- Business Study Quizzes
- Business Technology Quizzes
- CEO Quizzes
- Collaboration Quizzes
- Company Quizzes
- Construction Quizzes
- Consumer Quizzes
- CSR Quizzes
- Customer Quizzes
- Customer Service Quizzes
- Development Quizzes
- Ecommerce Quizzes
- Employment Quizzes
- Entrepreneurship Quizzes
- Finance Quizzes
- Hospitality Quizzes
- Human Resources Quizzes
- Industry Quizzes
- International Business Quizzes
- Introduction To Business Quizzes
- Investment Quizzes
- Logistics Quizzes
- Management Quizzes
- Manufacturing Quizzes
- Marketing Quizzes
- Material Quizzes
- Media Quizzes
- Office Quizzes
- Organization Quizzes
- Principles Of Business Quizzes
- Printing Quizzes
- Product Quizzes
- Publishing Quizzes
- Real Estate Quizzes
- Retail Quizzes
- Sales Quizzes
- SAP Business One Quizzes
- Small Business Quizzes
- Source Quizzes
- Supply Quizzes
- Survey Quizzes
- Telecommunication Quizzes
- Trade Quizzes
- Training Quizzes
- Transportation Quizzes
- Warehouse Quizzes
- Welding Quizzes
Related Quizzes
Wait! Here's an interesting quiz for you.
- Online Exam Maker
- Candidate Management System
- Question Bank Software
- Online Proctoring Software
- Quiz Certification Creator
- Online Survey Maker
- Online Exam Tools
- ELearning Resources
- Learning Management
- Questions & Answers
- Create a Quiz
20 Business Plan Quiz Questions and Answers
A business plan is a comprehensive document that outlines the goals, strategies, and financial projections of a business venture. It serves as a roadmap for entrepreneurs and stakeholders to understand the direction and viability of the business. Here’s an overview of the key components typically included in a business plan:
Executive Summary: This section provides a concise overview of the entire business plan. It highlights the company’s mission, vision, key objectives, and a summary of the proposed business model.
Company Description: Here, you’ll provide a detailed explanation of your business concept. Include the type of business, its legal structure, location, target market, and any unique selling propositions that set your business apart.
Market Analysis: Conduct thorough market research to understand your industry, target market, and competitors. Identify trends, potential opportunities, and challenges. Explain how your product or service will meet the needs of your target audience better than existing solutions.
Organization and Management: Describe the organizational structure of your business, including key team members, their roles, and relevant experience. Investors want to know that you have a capable team driving the venture.
Article overview
Part 1: 30 business plan quiz questions & answers.
1. Question: What is the primary purpose of a business plan? a) Secure funding b) Improve employee morale c) Enhance customer service d) Increase market competition Answer: a) Secure funding
2. Question: Which section of a business plan outlines the company’s mission and vision? a) Marketing strategy b) Financial projections c) Executive summary d) Company overview Answer: d) Company overview
3. Question: Which of the following is NOT a common business plan component? a) Competitive analysis b) SWOT analysis c) Cash flow statement d) Social media strategy Answer: d) Social media strategy
4. Question: What is the purpose of conducting a market analysis in a business plan? a) Determine the company’s competitors b) Develop financial projections c) Define the company’s mission d) Set employee goals Answer: a) Determine the company’s competitors
5. Question: Which section of a business plan highlights the company’s unique selling proposition (USP)? a) Marketing strategy b) Company description c) Competitive analysis d) Financial projections Answer: a) Marketing strategy
6. Question: What financial document shows a company’s revenues and expenses over a specific period? a) Balance sheet b) Cash flow statement c) Income statement d) Profit and loss statement Answer: c) Income statement
7. Question: In a business plan, what does ROI stand for? a) Return on Investment b) Revenue on Investment c) Risk of Inflation d) Rate of Interest Answer: a) Return on Investment
8. Question: Which business plan section outlines the marketing tactics to promote a product or service? a) Financial projections b) Market analysis c) Marketing strategy d) Company overview Answer: c) Marketing strategy
9. Question: What is a break-even analysis used for in a business plan? a) Identifying potential customers b) Calculating potential profits c) Determining the point of profitability d) Analyzing competitor strategies Answer: c) Determining the point of profitability
10. Question: In a business plan, what does the term “SWOT” stand for? a) Strengths, Weaknesses, Opportunities, Threats b) Sales, Workforce, Objectives, Technology c) Strategies, Workflow, Operations, Targets d) Success, Wealth, Objectives, Tactics Answer: a) Strengths, Weaknesses, Opportunities, Threats
11. Question: What is the purpose of an executive summary in a business plan? a) Provide an overview of the company’s history b) Detail the company’s long-term objectives c) Summarize the key points of the entire plan d) Highlight the company’s competitive advantages Answer: c) Summarize the key points of the entire plan
12. Question: Which financing option involves giving up ownership shares of a company in exchange for capital? a) Debt financing b) Equity financing c) Venture capital d) Angel investing Answer: b) Equity financing
13. Question: What does the term “KPI” mean in a business context? a) Key Performance Indicator b) Key Profit Increment c) Key Planning and Implementation d) Key Personnel Improvement Answer: a) Key Performance Indicator
14. Question: What section of a business plan should discuss the company’s organizational structure and management team? a) Market analysis b) Financial projections c) Company overview d) Marketing strategy Answer: c) Company overview
15. Question: What type of business plan primarily targets internal decision-making and planning? a) Startup business plan b) Strategic business plan c) Operational business plan d) Feasibility business plan Answer: c) Operational business plan
Part 2: Download business plan questions & answers for free
Download questions & answers for free
16. Question: What external factor analysis tool helps identify the political, economic, social, and technological influences on a business? a) PEST analysis b) SWOT analysis c) BCG matrix d) Porter’s Five Forces Answer: a) PEST analysis
17. Question: Which statement best describes a vision statement in a business plan? a) Outlines the short-term goals of the company b) Identifies potential risks and challenges c) Describes the company’s future aspirations d) Analyzes the company’s target market Answer: c) Describes the company’s future aspirations
18. Question: What is the purpose of conducting a competitive analysis in a business plan? a) Identify potential partners b) Analyze customer feedback c) Evaluate strengths and weaknesses of competitors d) Forecast financial performance Answer: c) Evaluate strengths and weaknesses of competitors
19. Question: Which financing option involves borrowing money that must be repaid with interest over time? a) Debt financing b) Equity financing c) Venture capital d) Angel investing Answer: a) Debt financing
20. Question: What does the term “ROI” stand for in the context of financial analysis? a) Revenue on Investment b) Return on Innovation c) Risk of Inflation d) Return on Investment Answer: d) Return on Investment
Part 3: Free online quiz creator – OnlineExamMaker
OnlineExamMaker’s secure, powerful web-based quiz maker is an easy-to-use, intelligent online testing software tool for business, training & educational to create exams & quizzes with ease. With its user friendly interface and extensive range of features, OnlineExamMaker simplifies the process of creation and distributing online quizzes to engage learners, improve knowledge retention, and assess performance.
Create Your Next Quiz/Exam with OnlineExamMaker
Related Posts
Flowers are not just beautiful to look at, they are also full of interesting facts…
Pizza is one of the most popular foods in the world, loved by people of…
Athletics is a collection of sporting events that involve running, jumping, and throwing. It is…
Share this post:
Business Planning MCQs
Answer these 100+ Business Planning MCQs and assess your grip on the subject of Business Planning. Scroll below and get started!
1: Financial Statements Include
A. Income Statement
B. Balance Sheet
C. All of the above
D. Cash Flow Statement
2: Which should NOT be included in an executive summary?
A. Exhibits
B. Name of founders
C. Dates
D. Current investors
3: Estimating capital requirements is important for the:
A. Break-even analysis
B. Product management
C. Product design
D. Marketing
4: The 4Ps are also known as:
A. Promotions
B. Marketing trends
C. Market demographics
D. Marketing mix
5: How long should a typical business plan project for?
A. 8-10 years
B. 6 months
C. 12 months
D. 3-5 years
6: What is the first section in a traditional business plan?
A. Marketing plan
B. Financials
C. Management profile
D. Executive summary
7: What does Market Share mean?
A. Ownership stake in a public company
B. Opportunities to share in greater market profits
C. The portion of a market controlled by a particular company or product.
8: True or False: Narrowing the target for potential clients helps because it concentrates sales efforts to a selective group that is most likely to be most profitable.
A. True
B. False
9: In a competitor analysis, what should you focus on?
A. Barriers to entry
B. All of these
C. Component costs
D. Prime customer motivators
10: New funds can be put toward which of the following?
A. All of the above
B. Debt retirement
C. Working capital
D. Acquisitions
11: What should organizational structures include?
A. All of these
B. Management résumés
C. Forms of ownership
D. Percentage of ownership
12: In the financial forecasting, operating profit margin should be:
A. Negative
B. Positive
C. Unchanged
13: Who are the most important readers of a business plan?
A. Employees
B. Customers
C. Competitors
D. Investors
14: True or False: Start-up companies are almost always succesful in the first few years.
15: true or false a business plan should only focus on short term objectives, 16: potential creditors will often be interested in gaining collateral before lending. true or false, 17: true or false you should have concise bulleted lists in a business plan..
A. False
B. True
18: An appendix may include:
B. Résumés
C. Letters of reference
D. Building permits
19: True or False: A partnership is normally run by one entreprenuer
20: legal issues like non-disclosure agreements and patents are not important considerations for the business., 21: it is common for creditors to want historial financial statements, true or false, 22: true or false a business plan should state a value proposition., 23: which of these is an example of a competitive strategy.
B. Promotion
C. Pricing
D. Distribution
24: True or False: The Market Analysis of your business plan should illustrate your industry and market knowledge as well as any of your research findings and conclusions.
25: true or fales: an organization chart is a diagram that shows the structure of an organization and the relationships and relative ranks of its parts and positions/jobs., 26: ratio and trend analysis can help to create a better picture of profitability and growth potential. true or false, 27: what is the executive summary of a business plan.
A. Summary Provided To Bank Executives
B. A snapshot of your business plan as a whole and touches on your company profile and goals.
C. Plan of Executive Orders
28: Sales targets should be:
A. Measurable
B. Specific
C. Lofty
D. Both specific and measurable
29: SWOT Stands for
A. (none of these)
B. Strengths, Weakness, Origination, Targets
C. Strengths, Weaknesses, Opportunities, Threats
D. Simple While On Target
30: When requesting funding it's important to be clear on:
A. Time period funding is for
B. Timing of funds
C. Type of funding (Equity vs Debt)
D. All of these
31: What should the prospective financial data include?
A. Cash flow statements
B. Income statements
C. Balance sheets
32: What does the 'T' stand for in SWOT analysis?
A. Target
B. Trends
C. Threat
D. Technology
33: One common method for selecting prices is called Cost Pricing Strategy. This means:
A. Calculating the Costs of Production/Service per unit and adding a per unit profit margin
B. Comparing to market norms and adding/subtracting premium based on perceived quality
C. Estimating price consumers wish to pay
34: A Business Plan should not include a section about regulatory issues since this is out of the business owners hands. True or False
35: the main reason that business fail is due to not having enough.
B. Sales Leads
C. Cash-flow
D. Inventory On Hand
36: The Purpose of the Company Description in the Business Plan is:
A. Describe the nature of your business and list the marketplace needs that you are trying to satisfy.
B. List the specific consumers, organizations or businesses that your company serves or will serve.
C. (all of these)
D. Explain how your products and services meet these needs.
37: Financial Projections are done before Market Analysis and objectives are set. True or False.
38: true or false it is acceptable to use business jargon or pop culture references in a business plan., 39: the use of exhibits are intended for:.
A. Breaking up the writing
B. Showing your graphing skills
C. Visual information that is easier to interpret than words
40: What is not included in variable costs?
A. Technology
B. Supplies
C. Direct sales
D. Packaging
41: In the Competitive Analysis It's important to include:
A. Potential Barriers to the Market
B. SWOT Analysis
C. Financial Statements
42: A pricing strategy where you set your prices high for quick cash and little emphasis on market penetration is called:
A. Luxury illusion
B. Top shelf pricing
C. Market saturation
D. Price skimming
43: A good way to analyze the external environment is with a(n):
A. PEST Analysis
B. VRIO Framework
C. None of these
D. SWOT Analysis
44: What is the post-money valuation for a $1.5 million round of investment when the equity stake offered is 25%?
A. $6 million
B. $375,000
C. $4.5 million
D. $1.5 million
45: In a business plan the Funding Requests portion should include:
A. Expected Employee Retention
B. All of the above
C. Competitors Product Cycle
D. Strategic Financial Situations
46: What will a VRIO framework help distinguish?
A. Organizational structure
B. Financial potential
C. Competitive potential
D. Size of the target market
47: The first thing to assess in your market analysis is the:
A. Competitive analysis
B. Industry outlook
C. Target market
D. Size of primary target market
48: The section of your business plan that is similar to an "elevator pitch" is the:
A. Market Analysis
B. Appendix
C. Company Description
D. Executive Summary
49: For a typical executive summary, what is the maximum length?
A. Half a page
B. 2 paragraphs
C. 1 page
D. 3 pages
50: What is meant by Value Proposition?
A. The same as by marketing strategy
B. How a company plans to raise capital
C. How a company plans to price their product
D. A promise of value to be delivered and a belief from the customer that value will be experienced.
List of Business Planning MCQs...
Related business planning mcqs:.
Business Strategy MCQs
Corporate Strategy MCQs
Enterprise Resource Planning (ERP) MCQs
Federal Income Tax MCQs
Available in:
Latest mcqs:.
History of Management MCQs
Public Economics MCQs
Environmental Economics MCQs
Ecological Economics MCQs
Behavioral Economics MCQs
Popular MCQs:
Privacy Policy | Terms and Conditions | Contact Us
© copyright 2024 by mcqss.com
General Business Planning MCQs
1. Financial Statements Include
2. Which should NOT be included in an executive summary?
3. Estimating capital requirements is important for the:
4. The 4Ps are also known as:
5. How long should a typical business plan project for?
6. What is the first section in a traditional business plan?
7. What does Market Share mean?
8. True or False: Narrowing the target for potential clients helps because it concentrates sales efforts to a selective group that is most likely to be most profitable.
9. In a competitor analysis, what should you focus on?
10. New funds can be put toward which of the following?
11. What should organizational structures include?
12. In the financial forecasting, operating profit margin should be:
13. Who are the most important readers of a business plan?
14. True or False: Start-up companies are almost always succesful in the first few years.
15. True or False? A business plan should only focus on short term objectives
16. Potential creditors will often be interested in gaining collateral before lending. True or False
17. True or False? You should have concise bulleted lists in a business plan.
18. An appendix may include:
19. True or False: A partnership is normally run by one entreprenuer
20. Legal issues like non-disclosure agreements and patents are NOT important considerations for the business.
21. It is common for creditors to want historial financial statements, True or False
22. True or False? A business plan should state a value proposition.
23. Which of these is an example of a competitive strategy?
24. True or False: The Market Analysis of your business plan should illustrate your industry and market knowledge as well as any of your research findings and conclusions.
25. True or Fales: An Organization Chart is a diagram that shows the structure of an organization and the relationships and relative ranks of its parts and positions/jobs.
26. Ratio and Trend Analysis can help to create a better picture of profitability and growth potential. True or False
27. What is the Executive Summary of a Business Plan?
28. Sales targets should be:
29. SWOT Stands for
30. When requesting funding it's important to be clear on:
31. What should the prospective financial data include?
32. What does the 'T' stand for in SWOT analysis?
33. One common method for selecting prices is called Cost Pricing Strategy. This means:
34. A Business Plan should not include a section about regulatory issues since this is out of the business owners hands. True or False
35. The main reason that business fail is due to not having enough?
36. The Purpose of the Company Description in the Business Plan is:
37. Financial Projections are done before Market Analysis and objectives are set. True or False.
38. True or False? It is acceptable to use business jargon or pop culture references in a business plan.
39. The use of exhibits are intended for:
40. What is not included in variable costs?
41. In the Competitive Analysis It's important to include:
42. A pricing strategy where you set your prices high for quick cash and little emphasis on market penetration is called:
43. A good way to analyze the external environment is with a(n):
44. What is the post-money valuation for a $1.5 million round of investment when the equity stake offered is 25%?
45. In a business plan the Funding Requests portion should include:
46. What will a VRIO framework help distinguish?
47. The first thing to assess in your market analysis is the:
48. The section of your business plan that is similar to an "elevator pitch" is the:
49. For a typical executive summary, what is the maximum length?
50. What is meant by Value Proposition?
51. Would you ever consider talking to your competitors directly?
52. What market segment is an airline offering no frills targeting?
53. What section of the financial forecast would expenditure on telephones be forecasted under?
54. Which of the following factors would be used in estimating revenue?
55. How detailed should a business plan be?
56. Which of the following would be a value proposition?
57. What is meant by Target Marketing?
58. What is a "Pay Per Click" marketing campaign?
59. What are core competencies?
60. What best describes a cost-leadership strategy?
61. Would a company that produces a complementary product to yours be considered a competitor (e.g. a tennis ball maker and a tennis racket maker)?
62. How might a company learn more about its market and what drives the customers to purchase their product?
63. Why is it important to hire intelligently early on?
64. What is the purpose of creating a valuation statement of the company?
65. What would a Market Follower strategy be distinguished by?
66. In which section of a business plan would the company's mission statement be located?
67. Why is it important to track your competitors?
68. Where would the Financial Projections typically be located in a business plan?
69. What strategy should a new company wanting to enter a market employ?
70. What is a characteristic of a market leader strategy?
71. Why are companies able to stay in business during turbulent financial market times?
72. What is meant by Relationship Marketing?
73. What is a competitive advantage?
74. How does a company assess the performance of its marketing efforts?
75. What has been the trend in marketing in the last few decades?
76. In which section of a business plan would you talk about the CEO?
77. What would sending coupons to prior customers directly be considered?
78. What are the minimum financial statements that should be included in a business plan?
79. Why is it important to know the entire potential market even if your company can only focus on a small segment?
80. What best describes a differentiation strategy?
81. Where might a potential competitor come from?
82. Which of the following would be a mistake in forecasting?
83. What is the purpose of a cash flow forecast?
84. Why is it important to talk about market timing?
85. How could a video rental outlet stand out above their competitors in a positive way?
86. What is meant by "top down" budgeting?
87. Which of the following would not typically be a section in a business plan?
88. Which of the following strategies has warehouse reseller Costco taken?
89. What is meant by Market Demographics?
90. What is the purpose of a what-if analysis?
91. What policy should be followed regarding employees and the company strategy?
92. What should be the minimum length of a business plan?
93. Why would a company's website be considered a part of its marketing effort?
94. What should a company do if they do not have a marketing plan?
95. What is one of the ways to track your competitors?
96. How is "distribution and delivery" defined?
97. What is Blockbuster Videos business model?
98. What is one of the criteria that a flower delivery company could distinguish itself by on the market?
99. Why is it important to have an executive summary?
100. Why is it important to talk about competition?
101. What marketing method is a gas station most likely to use?
102. Which of the following is one of the groups a business plan is meant to inform?
103. Why would a new company spend most of their budget on marketing?
104. Where would company valuation be discussed?
105. What section would SWOT analysis typically be in?
106. What should be considered while deciding a firm's strategy?
107. What is one of the reasons for the failure of companies?
108. Which of the items below is NOT a purpose of a business plan?
109. What is the DuPont formula?
110. What is one of the ways to establish who your competitors are?
111. What is meant by "market segments"?
112. Which of the following is a traditional method of marketing?
113. What is a business model?
114. What role does marketing play in a company's business life?
115. Which of the following could be a core competency of a company?
116. Which of the following terms best describes how a company can make itself stand out from the competitors?
117. What type of company would never need a business plan?
118. What is meant by vertical integration?
119. What would be the best methodology to follow while creating a forecast?
120. How far into the future should revenue be projected in a business plan?
121. Which of the following would you factor into long term liabilities?
122. What is an advantage of making a competitor analysis?
123. Why is it okay to let some competitors' moves go unanswered?
124. Why is it important to identify your market segments?
125. Why would a company with a very rigid business plan possibly face trouble?
126. What is meant by Mass Marketing?
127. Why should a business plan be revisited annually?
128. What is a value chain?
129. What is a way to segment the market?
130. Customer share is sometimes referred to as _____.
131. The way you want to spend your time, money, and resources in the future are your _____.
Join our newsletter for the latest updates.
Our Products
© Copyrights 2024 Quizack.com
135 Business Plan Questions
Embarking on the business journey of your dreams begins with a robust business plan. This plan is not just a document—it’s the roadmap to your success, painting a clear picture of where you’re headed and how you plan to get there.
Whether you’re a seasoned entrepreneur or a hopeful startup pioneer, the questions I’ve compiled are designed as your compass, guiding you through the intricate landscape of business strategy.
From your executive summary to the details of your financial projections, each question serves to dig deep into the essence of your vision, solidifying your plan with precision and care.
Table of Contents
Executive Summary
- What is the core mission of your business?
- How would you describe your company’s business model in simple terms?
- What unique problem does your business solve for its customers?
- What are the short-term and long-term goals of the company?
- Who are the intended clients or customers of your business?
- What is the vision statement for your business?
- Who are the founders and key team members, and what are their roles?
- How does your company set itself apart from the competition?
- What are the main achievements or milestones of your business to date?
- What key opportunities do you see in the market?
- How much funding are you seeking, and how will it be used?
- What are the main products or services your company offers?
- What is the current stage of your business (concept, start-up, growth)?
- How do you see your company evolving in the next five years?
- Can you summarize the financial outlook and projections for your company?
Company Description Considerations
- What is the legal structure of your business (e.g., sole proprietorship, LLC, corporation)?
- How did the idea for the business originate, and how has it been developed?
- Who are the target customers, and why will they choose your business?
- What are the key elements of your business’s operations?
- What are the specific advantages of your location or facilities, if any?
- How does your company’s history and background set it up for success?
- What business sector or industry does your company fall under?
- How does your company contribute to the economy and community?
- What partnerships or collaborations are essential to your business?
- What are the core values and culture of your company?
- How does your business respond to changes in the market?
- What relevant certifications, licenses, or permits does your business hold?
- What are the main risks and challenges your business faces?
- What role does sustainability play in your company’s operations?
- How does diversity and inclusion manifest in your company?
Market Analysis
- Who is your primary target market, and what are their defining characteristics?
- How large is the target market, and what is its projected growth?
- What are the trends and themes currently shaping your target market?
- Who are your top competitors, and what are their strengths and weaknesses?
- What is your market share, or what market share do you project to capture?
- How do your target customers make their purchasing decisions?
- What factors influence the demand for your products or services?
- What barriers to entry exist in your market, and how can they be overcome?
- How does pricing play a role in your market position?
- What is your value proposition to customers in comparison to competitors?
- How might technology impact your market in the future?
- What are the legal or regulatory factors affecting your market?
- How have external factors like the economy affected your market historically?
- How does geography affect your market and business model?
- What are the risks associated with your target market?
Organization and Management Structure
- Who comprises the leadership team, and what are their backgrounds?
- What is the organizational structure of your business?
- How will your management team help achieve the business’s goals?
- What gaps exist in your current team, and how do you plan to fill them?
- What are the roles and responsibilities of your management team members?
- How does the management structure align with your business strategy?
- How does your team make decisions and communicate internally?
- What systems are in place for performance management and accountability?
- What is your plan for recruiting and retaining skilled employees?
- How do you approach leadership development and training?
- How does the current team’s expertise align with the business goals?
- What are the board of directors’ roles, if applicable?
- How do you plan to create a productive company culture?
- What external advisors or consultants does the business use, and why?
- How have you planned for succession in key management roles?
Service or Product Line Inquiry
- What are the main products or services your business offers?
- How do these products or services fulfill customer needs?
- What is unique about your products or services?
- How does product/service quality compare to competitors?
- What is the lifecycle of your products or services?
- How is your product or service produced or delivered?
- Are there any patents, copyrights, or trademarks involved?
- What research and development activities are you pursuing?
- How do you plan to expand your product or service range?
- What customer feedback have you received about your product or service?
- How does your product or service adapt to changes in the market?
- What is the pricing strategy for your products or services?
- How does your product or service contribute to your brand image?
- What are the future plans for developing your product or service?
- How do warranty or guarantee terms play into your offering?
Marketing and Sales Strategies
- What marketing channels will you use to reach your target audience?
- How will you position your company within the market?
- What promotional strategies will you utilize to attract customers?
- What is your sales forecast for the first year and beyond?
- How will you set sales targets and measure success?
- What sales tactics will you employ to enhance customer acquisition?
- How will your marketing and sales strategies evolve as the business grows?
- What is your approach to online and social media marketing?
- What customer relationship management processes will you put in place?
- How do you plan to establish your brand identity?
- What partnerships or sponsorships will you leverage to enhance marketing?
- What are your strategies for repeat business and customer loyalty?
- What is your process for tracking marketing ROI?
- How do customer service and support fit into your sales strategy?
- How does your marketing strategy cater to different customer segments?
Funding Request Fundamentals
- How much total funding is required to reach your business objectives?
- What specific purposes will the funding be used for?
- What is your proposed timeline for the utilization of funds?
- What types of funding (e.g., equity, loan) are you pursuing?
- How will investors or lenders get a return on their investment?
- What is the current financial position of the business?
- How much equity are you willing to exchange for investment?
- What are the key financial milestones that the funding will help achieve?
- What are the terms you’re seeking for any loans?
- How do you plan to manage cash flow and ensure financial stability?
- What collateral, if any, are you offering to back up your funding request?
- How does the funding impact your business’s financial projections?
- What is the exit strategy for investors?
- How will additional funding influence your strategic business decisions?
- What contingencies do you have in place if you don’t secure the expected funding?
Financial Projections and Feasibility
- What are your financial forecasts for the next three to five years?
- How did you arrive at your revenue and expense estimates?
- What are the key assumptions underlying your financial projections?
- What are the projected cash flow statements for the next few years?
- What is your break-even analysis showing?
- What are your strategies for maintaining a healthy profit margin?
- How do you plan to monitor and manage financial risks?
- What is your approach to pricing and cost control?
- How will you balance reinvestment in the business with profitability?
- What financial metrics will you use to gauge business performance?
- How will you handle unexpected financial shortfalls or emergencies?
- What is your strategy for financial record-keeping and accounting?
- How do customer payment terms and cycles affect your cash flow?
- What financial software or tools do you use for projections?
- How will financial trends and economic conditions potentially impact your projections?
Appendix and Supporting Documents
- What supporting documents will you include in the appendix?
- How will these documents reinforce your business plan’s credibility?
- What resumes or biographies of your team members will you present?
- What legal documents are relevant to include (e.g., licenses, permits)?
- How can we access extensive market studies mentioned in the plan?
- What are your key technical product specifications or service descriptions?
- How do your financial statements and accounting documents get audited?
- What testimonials or case studies from customers can you showcase?
- What press coverage or media mentions has your business received?
- Can you provide industry endorsements or expert opinions?
- How will technology prototypes or demos be made available for review?
- What are your policies and procedures manuals like?
- How do your charts, graphs, and tables support your plan’s data?
- What correspondence or contracts with suppliers/partners are appropriate to include?
- How does your intellectual property documentation reflect on your business’s value?
Frequently Asked Questions
Can i write a business plan myself, or should i hire a professional.
Writing a business plan yourself is possible, especially with the aid of specific questions that cover all business aspects. However, hiring a professional can provide expertise and a polished result, particularly if you seek significant funding.
How often should I update my business plan?
Regular updates are crucial—annually at minimum or more often if your business is rapidly changing. This keeps your business plan relevant and useful as a dynamic, guiding document.
What’s the most critical part of a business plan?
While all sections are important, the Executive Summary is critical as it’s often the first (and sometimes only) part read by potential investors or partners. Clear and compelling financial projections are also vital for potential funders.
Final Thoughts
As your blueprint comes together, remember that the strength of your business plan lies in its details and its ability to represent the vision and practicalities of your enterprise honestly.
The questions outlined will challenge you to think critically, anticipate future hurdles, and prepare for success. With these comprehensive inquiries as your cornerstone, you can turn your business from a dream into an actionable, thriving reality.
How useful was this post?
Click on a star to rate it!
As you found this post useful...
Share it on social media!
We are sorry that this post was not useful for you!
Let us improve this post!
Tell us how we can improve this post?
Bea Mariel Saulo
Business planning
The questions which follow provide a basic knowledge test of selected concepts covered in this learning pathway: Business planning .
The questions published at the end of each learning pathway are re-used for the knowledge test for learners interested in earning a digital badge or certificate of participation for the Introduction to entrepreneurship (IENT102) micro-course. Please consult the Certify participation page for more information.
True - false questions
Indicate whether the following statements are true or false:
- No, business plans are not restricted to raising capital. They are an integral part of many facets of business.
- No, please revisit the course materials for IENT102.
- No, the nature of your specific business context will influence the structure and format of your business plan.
- Correct. Well done.
- Incorrect. Finances are an integral component of a business plan.
Multiple choice questions
- This is one of the purposes of a business plan.
- You’re right. This statement is not correct, and is not mentioned as one of the purposes of a business plan, nor is it a requirement for registering a company.
- This would definitely be included in a business plan. You need to show that you understand the market conditions, customer needs and wants, and have a plan on how to reach those potential customers.
- Correct. This could possibly be included in the appendices of a business plan (if you are launching a technology-based start-up), but you should keep technical details to a minimum in the main body of your plan.
- These would be included as part of the company information in your business plan.
- This would definitely be included in a business plan.
- This is mentioned as one type of business plan, and would be a detailed description of proposed growth, written for internal or external audiences.
- This is mentioned as one type of business plan.
- You’re right! This is NOT addressed as one type of business plan for business start-ups.
- This is correct. Potential investors or partners are often very interested in seeing product prototypes.
- This is incorrect. A prototype is not your final product. Don’t expect it to look like one.
- This is correct. One advantage of prototyping is that it can help you see solutions to problems, and to see new possibilities for your idea.
- This is correct. A prototype can help you fine-tune your idea(s) and think about scalability.
- Starting a Business
- Growing a Business
- Business News
- Science & Technology
- Money & Finance
- Subscribers For Subscribers
- Store Entrepreneur Store
- Spotlight Spotlight
- United States
- Asia Pacific
- Middle East
- South Africa
Copyright © 2024 Entrepreneur Media, LLC All rights reserved. Entrepreneur® and its related marks are registered trademarks of Entrepreneur Media LLC
JUST RELEASED: View the 2024 Franchise 500 Ranking
6 Critical Questions Your Business Plan Must Answer If you want to lay the groundwork for a stable business and attract investors, make sure you're hitting these points.
By Larry Alton • Mar 18, 2015
Opinions expressed by Entrepreneur contributors are their own.
Never underestimate the importance of your business plan . It is the backbone of your company, a foundational pillar from which your enterprise will be built. It's going to serve as the first impression for countless potential partners and investors, and it's going to serve as a roadmap for your whole business -- at least for the first several years.
In some ways, writing a business plan is easy -- there are no rules or requirements for length, format, presentation, or even subject matter. But finding the right answers to the right questions is critical if you want to lay the groundwork for a stable business and attract sufficient attention from investors.
Related: 25 Common Characteristics of Successful Entrepreneurs
1. What need are you addressing?
This is an important question because it extends beyond the simple "What does your business do?" It's one thing to outline your business in general, describing what products you make or what services you offer, but if you want a solid business plan you have to take it to the next level.
It's nice to imagine your business as providing something useful, and if you're excited about the idea, it's that much easier to think about people buying it. But you need to be logical and critical when you consider the driving force behind your customers' purchasing decisions: what fundamental customer need is your business addressing? You'll want to back this up with research that shows the need actually exists.
2. What makes you different?
It's a big world out there, and startups are constantly coming on and off the radar. Chances are, there are multiple businesses out there who are already serving the crucial need you outlined from question one. That doesn't mean you can't serve it better, or serve it in a different way, but therein lies the challenge—figuring out what makes you different.
First, you'll need to acknowledge all the major players in your space, and this is going to require some research. Acknowledge what they're doing right, what they're doing wrong, and how they're going about their business. Identify the differentiating factor that will allow you to stand out, and emphasize it.
Related: Struggling to Define Your Business Goals? Ask Yourself These Questions.
3. Who is your audience?
Here's a hint: the answer can't be "everybody." No matter how useful or practical your product or service is, there's no way you're going to be able to sell to everyone in the world. Think about factors like age, sex, education, geographic location, working status, marital status, and perform some preliminary market research to determine the best path forward.
Your key demographic may evolve over time, so don't stay too committed to one niche. Also remember, that it's easy to expand to other markets once you've established yourself in one, so if you have multiple key demographics, it may be wise to focus on one to start things off.
4. How is your business going to make money?
This seems like an obvious question to answer, but you'd be surprised how many entrepreneurs fail to elaborate on their plan. The brief answer to this question is "sell products/services," but how are you going to sell? Where are you going to sell? How much are you going to sell for?
The other side of the question is what are your operating expenses? Who are you going to pay? What services or partners will you need to pay for? And ultimately, will the amount you sell be able to surpass the amount you owe? When will you break even?
5. How will you promote your business?
Promoting your business is just as important as creating it. Otherwise, people will never know who you are. Your marketing strategy should start off based on what similar businesses before you have done. Do they rely on traditional advertising or online marketing? Do they attend tradeshows and local events, or use technology to spread the word about their existence?
Related: The Ultimate Guide to Writing a Business Plan
6. What do you need to get started?
For many potential partners and investors, this is the bottom line. All businesses have to start somewhere, but that starting line varies dramatically from industry to industry and from entrepreneur to entrepreneur. Do you need any advanced equipment? Who will you need to hire? How much will you need for an initial run? These questions should give you an idea exactly how much capital and what resources you need initially.
It may seem counterintuitive, but answering these questions isn't a one-time process. Your business plan should be a living, changing document that evolves along with your company. Throughout your course of entrepreneurship, you're going to encounter new challenges, new opportunities, and hundreds of factors you never considered as significant to your business when you were writing the initial plan. To survive, you're going to have to revise your answers to these questions and update your business plan accordingly.
Related: The Essential Ingredients to Startup Success
Freelance Writer & Former Entrepreneur
Want to be an Entrepreneur Leadership Network contributor? Apply now to join.
Editor's Pick Red Arrow
- Three Buddies Wanted to Have a Better Time at an Outdoor Festival. Their Invention Turned Into a $43 Million Business .
- Lock This Fun, Flexible Side Hustle Pays $35 an Hour and Gets You Into Exclusive CEO Summits, Music Festivals, and Sports Events
- 3 Hacks That Can Help You Get High-Quality Matches on Dating Apps , According to the Lead Engineer Behind a Very Exclusive One
- Lock This Retirement Trend Is Helping People Ease 'Financial Anxieties' and Avoid 'Loss of Purpose,' Workplace Expert Says
- Lock These 3 Quotes From Jeff Bezos Will Change How You Run Your Business
- The Job Is Finished, Now What? 7 Lessons and Cautionary Tales About Life After Power From Former Presidents .
Related Topics Red Arrow
Most popular red arrow, mastering the skill of convincing stakeholders to approve and execute ideas.
There's a big difference between approval-seeking and being your own biggest advocate.
These Are the Highest-Paying Side Hustles for a Single Day of Work
Earn the most money in the least amount of time.
TikTok's CEO Is an Honorary Chair at the 2024 Met Gala
Conde Nast's Chief Content Offer, Anna Wintour, made the announcement Thursday.
This Job Hack to Escape Layoffs Is Gaining Popularity — But It's Divisive: 'It Altered My Brain Chemistry'
U.S. workers, especially younger generations, are considering government jobs for more security.
A Company Will Pay You $10,000 to Give Up This Everyday Object for Just 1 Month — But You Might Feel 'Uneasy' Without It
It's "a new kind of 'Dry January.'"
5 Proven Ways to Maximize Your Profitability as a First-Time Author
Unlock the secrets to turning your debut book into a profitable venture with proven marketing tactics.
Successfully copied link
Have an account?
Target Market
7th - 8th  , marketing for entrepreneurs, 9th - 12th  , entrepreneurship and joy mangano, basic welding principles.
Business Plan
Specialty, other.
30 questions
- 17. Multiple Choice 30 seconds 1 pt What are the 7 essential parts to creating a business plan? 1.Executive Summary 2.Company Description 3.Product/Services 4.Market Analysis 5.Strategy 6.Organizational/ management team 7.Finicial Plan none of the above all of the above
Entrepreneurship Management
1. Which one of the following theory has the attribute of moderate risk taking as a function of skill, not chance?
- Need for independence
- Need for achievement
- Need for affiliation
- Need for authority
2. Foundation companies are formed from:
- Research and development
- Most popular business
- winding up company
3. All of the following are the broad categories of External forces EXCEPT:
- Economic forces
- S Socioeconomic forces
- Technological forces
- Competitive forces
4. A ______________ is a professional money manager who makes risk investment from a pool of equity capital to obtain a high rate of return on investments.
- venture capitalist
- entrepreneur
- businessman
5. Members of distribution channels are excellent sources for new ideas because:
- They are familiar with the needs of the market
- They earn a handsome profit from new business
- They do not bother if entrepreneur bears a loss
- They have well-developed sales force
6. Which of the following geographical area is having least interest to U.S. entrepreneurs?
- The Far East
- Central Asia
- Transition economies
7. Andrew Carnegie is an example of entrepreneur of which century:
- Earliest period
- 19 th and 20 th century
- Middle ages
- 17 th century
8. The activity which occurs when the new venture is started are called:
- Business skills
- Departure point
- Goal orientation
9. The business plan should be prepared by:
- Entrepreneurs
- Consultants
- Small business administration services
10. What is the primary concern of founders who trade equity for capital for their growing venture?
- Capitalization
- Investor capabilities
Search MBA MCQ.com
Create a form in Word that users can complete or print
In Word, you can create a form that others can fill out and save or print. To do this, you will start with baseline content in a document, potentially via a form template. Then you can add content controls for elements such as check boxes, text boxes, date pickers, and drop-down lists. Optionally, these content controls can be linked to database information. Following are the recommended action steps in sequence. Â
Show the Developer tab
In Word, be sure you have the Developer tab displayed in the ribbon. (See how here: Show the developer tab .)
Open a template or a blank document on which to base the form
You can start with a template or just start from scratch with a blank document.
Start with a form template
Go to File > New .
In the Search for online templates  field, type Forms or the kind of form you want. Then press Enter .
In the displayed results, right-click any item, then select Create.Â
Start with a blank documentÂ
Select Blank document .
Add content to the form
Go to the Developer  tab Controls section where you can choose controls to add to your document or form. Hover over any icon therein to see what control type it represents. The various control types are described below. You can set properties on a control once it has been inserted.
To delete a content control, right-click it, then select Remove content control in the pop-up menu.Â
Note: You can print a form that was created via content controls. However, the boxes around the content controls will not print.
Insert a text control
The rich text content control enables users to format text (e.g., bold, italic) and type multiple paragraphs. To limit these capabilities, use the plain text content control .Â
Click or tap where you want to insert the control.
To learn about setting specific properties on these controls, see Set or change properties for content controls .
Insert a picture control
A picture control is most often used for templates, but you can also add a picture control to a form.
Insert a building block control
Use a building block control  when you want users to choose a specific block of text. These are helpful when you need to add different boilerplate text depending on the document's specific purpose. You can create rich text content controls for each version of the boilerplate text, and then use a building block control as the container for the rich text content controls.
Select Developer and content controls for the building block.
Insert a combo box or a drop-down list
In a combo box, users can select from a list of choices that you provide or they can type in their own information. In a drop-down list, users can only select from the list of choices.
Select the content control, and then select Properties .
To create a list of choices, select Add under Drop-Down List Properties .
Type a choice in Display Name , such as Yes , No , or Maybe .
Repeat this step until all of the choices are in the drop-down list.
Fill in any other properties that you want.
Note: If you select the Contents cannot be edited check box, users won’t be able to click a choice.
Insert a date picker
Click or tap where you want to insert the date picker control.
Insert a check box
Click or tap where you want to insert the check box control.
Use the legacy form controls
Legacy form controls are for compatibility with older versions of Word and consist of legacy form and Active X controls.
Click or tap where you want to insert a legacy control.
Select the Legacy Form control or Active X Control that you want to include.
Set or change properties for content controls
Each content control has properties that you can set or change. For example, the Date Picker control offers options for the format you want to use to display the date.
Select the content control that you want to change.
Go to Developer > Properties .
Change the properties that you want.
Add protection to a form
If you want to limit how much others can edit or format a form, use the Restrict Editing command:
Open the form that you want to lock or protect.
Select Developer > Restrict Editing .
After selecting restrictions, select Yes, Start Enforcing Protection .
Advanced Tip:
If you want to protect only parts of the document, separate the document into sections and only protect the sections you want.
To do this, choose Select Sections in the Restrict Editing panel. For more info on sections, see Insert a section break .
If the developer tab isn't displayed in the ribbon, see Show the Developer tab .
Open a template or use a blank document
To create a form in Word that others can fill out, start with a template or document and add content controls. Content controls include things like check boxes, text boxes, and drop-down lists. If you’re familiar with databases, these content controls can even be linked to data.
Go to File > New from Template .
In Search, type form .
Double-click the template you want to use.
Select File > Save As , and pick a location to save the form.
In Save As , type a file name and then select Save .
Start with a blank document
Go to File > New Document .
Go to File > Save As .
Go to Developer , and then choose the controls that you want to add to the document or form. To remove a content control, select the control and press Delete. You can set Options on controls once inserted. From Options, you can add entry and exit macros to run when users interact with the controls, as well as list items for combo boxes, .
Adding content controls to your form
In the document, click or tap where you want to add a content control.
On Developer , select Text Box , Check Box , or Combo Box .
To set specific properties for the control, select Options , and set .
Repeat steps 1 through 3 for each control that you want to add.
Set options
Options let you set common settings, as well as control specific settings. Select a control and then select Options to set up or make changes.
Set common properties.
Select Macro to Run on lets you choose a recorded or custom macro to run on Entry or Exit from the field.
Bookmark Set a unique name or bookmark for each control.
Calculate on exit This forces Word to run or refresh any calculations, such as total price when the user exits the field.
Add Help Text Give hints or instructions for each field.
OK Saves settings and exits the panel.
Cancel Forgets changes and exits the panel.
Set specific properties for a Text box
Type Select form Regular text, Number, Date, Current Date, Current Time, or Calculation.
Default text sets optional instructional text that's displayed in the text box before the user types in the field. Set Text box enabled to allow the user to enter text into the field.
Maximum length sets the length of text that a user can enter. The default is Unlimited .
Text format can set whether text automatically formats to Uppercase , Lowercase , First capital, or Title case .
Text box enabled Lets the user enter text into a field. If there is default text, user text replaces it.
Set specific properties for a Check box .
Default Value Choose between Not checked or checked as default.
Checkbox size Set a size Exactly or Auto to change size as needed.
Check box enabled Lets the user check or clear the text box.
Set specific properties for a Combo box
Drop-down item Type in strings for the list box items. Press + or Enter to add an item to the list.
Items in drop-down list Shows your current list. Select an item and use the up or down arrows to change the order, Press - to remove a selected item.
Drop-down enabled Lets the user open the combo box and make selections.
Protect the form
Go to Developer > Protect Form .
Note:Â To unprotect the form and continue editing, select Protect Form again.
Save and close the form.
Test the form (optional)
If you want, you can test the form before you distribute it.
Protect the form.
Reopen the form, fill it out as the user would, and then save a copy.
Creating fillable forms isn’t available in Word for the web.
You can create the form with the desktop version of Word with the instructions in Create a fillable form .
When you save the document and reopen it in Word for the web, you’ll see the changes you made.
Need more help?
Want more options.
Explore subscription benefits, browse training courses, learn how to secure your device, and more.
Microsoft 365 subscription benefits
Microsoft 365 training
Microsoft security
Accessibility center
Communities help you ask and answer questions, give feedback, and hear from experts with rich knowledge.
Ask the Microsoft Community
Microsoft Tech Community
Windows Insiders
Microsoft 365 Insiders
Was this information helpful?
Thank you for your feedback.
Gaza ceasefire debate - live updates: Speaker sparks fury with amendments decision
The Commons is set to vote on an SNP motion for a ceasefire in Gaza, and the Speaker has sparked fury by going against convention and selecting both the government and Labour amendments. It's relief for Sir Keir Starmer, who could have been facing a sizeable rebellion from his MPs.
Wednesday 21 February 2024 17:25, UK
Please use Chrome browser for a more accessible video player
- MPs debating Gaza ceasefire motion - watch and follow live
- Speaker picks government and Labour amendments ahead of vote
- Tories and SNP furious with decision that breaks convention
- 'Lots of tears' amid claims Labour threatened Speaker's position
- Ex-minister accuses MPs of 'battle of semantics' over ceasefire
- Explained: Why Speaker's unusual move has sparked such anger
- Sam Coates: An unedifying day for politics - it's going to be a mess
- Live reporting by Ben Bloch and (earlier) Tim Baker , Emily Mee and Bhvishya Patel
Our weeknight politics show Politics Hub With Sophy Ridge is live on Sky News from 7pm.
The fast-paced show dissects the inner workings of Westminster, with interviews, insights, and analysis - bringing you, the audience, into the corridors of power.
Tonight, watch and follow live as MPs vote on SNP, Labour, and government motions on a Gaza ceasefire, including analysis and reaction.
Sophy Ridge will be based in our studio, while our political editor Beth Rigby, deputy political editor Sam Coates , and chief political correspodent Jon Craig will be live in the studio and from Central Lobby, just outside the Commons chamber, to bring reaction from MPs across the House.
Tune in to watch on Sky News from 7pm, with live updates right here in the Politics Hub.
Watch Politics Hub With Sophy Ridge Monday to Thursday on Sky channel 501, Virgin channel 602, Freeview channel 233, on the Sky News website and app or on YouTube .
Tory MP Mark Logan has told the House he will be rebelling against the government tonight and voting for any motion that calls for an immediate ceasefire.
Speaking in the Commons, the Bolton North East MP said: "What I said in private scores of time before today, I now say in public: I want, my constituents want, and Gaza needs, an immediate ceasefire."
He said with so many deaths in Gaza, "playing around with words is just playing around with people's lives".
He went on: "Israel has gone too far. It's disproportionate - it's not gone too far just today, it's gone too far already for months."
With the number of deaths, he questioned: "How can we have any trust and belief that the people, the 1.5 million people now in Rafah, will also be left untouched?"
He accepted any vote "may be signalling to an extent", but added: "That signal has to be given... that has to happen today."
Mr Logan continued: "I no longer, in good conscience, can continue on backing in public the line we have taken on this side of the House, regrettably. Because even from a geostrategic perspective, I don't see what... favours this does for Israel."
He added Hamas needs to be "obliterated" and the SNP's motion "could have gone further to call out" the proscribed terror group.
But more broadly, he said: "I think this is the time for the United Kingdom to step up and take a leadership position with other middle powers, and not wait for America.
"It's in my own good conscience, I cannot acquiesce to the government's position any more on Gaza. The people of Bolton certainly cannot."
An accusation flying around this afternoon has been that Commons Speaker Sir Lindsay Hoyle was pressurised by Labour to allow its amendment on a ceasefire in the Israel-Hamas war to go to a vote.
The convention has been that if the government tabled an amendment to an opposition day motion (today's being the SNP's), amendments from other opposition parties would not be accepted.
But Sir Lindsay surprised MPs by breaking with that today.
However, sources close to the Speaker have rejected accusations that he was pressurised by Labour.
Sky News understands he had the safety of MPs in mind when he broke with convention today (see previous post).
A Labour spokesperson has also rejected any accusation that the party pressured the Speaker.
We've just had a bit more detail about Commons Speaker Sir Lindsay Hoyle's controversial decision to select amendments both by Labour and the government to the SNP's Gaza ceasefire motion.
For context, the convention has been that if the government tabled an amendment to an opposition day motion, amendments from other parties would not be accepted.
Sky News understands Sir Lindsay had MPs' safety at the forefront of his mind when he decided on this unusual step.
It comes amid growing concerns for MPs' personal safety after incidents of confrontations and protests following the escalation of tensions in the Middle East.
It is understood Sir Lindsay did not make the decision to accept both Labour and the government's amendments lightly, and did so the widest possible debate could be had and all MPs' voices could be heard.
Nonetheless, there is palpable anger from the Tories and the SNP that he broke with convention in a way that had the effect of avoiding a Labour rebellion against Sir Keir Starmer - and his post could be under threat.
You can read our full explainer on the situation here .
Former minister Kit Malthouse has given his view on the Israel-Hamas war in a speech in the Commons.
He said he visited Israel and the Palestinian territories last week and visited the sites of "mass murder" in the Kibbitzim in southern Israel and "heard with horror the accounts of the victims and bereaved relatives".
He also said he saw artillery landing on Gaza, and heard gunfire and drones flying over when he "contemplated the futility of 30,000 dead, and with horror, thought of the assault upon Rafah and its 600,000 children".
Mr Malthouse said it is "widely accepted across the world" that there can be "no military victory over Hamas" because the war is "a recruiting sergeant for that appalling organisation".
"Anybody who is interested in the security of Israel in the future has to recognise that this conflict is making things worse, not better, and that the security of the Palestinians is required for the security of Israel into the future," he said.
On his return to the UK, he said, he found parliamentarians "trapped in a crazy battle of semantics".
"I do not, I have to say, understand the difference between a ceasefire, a pause, a cessation, a truce, qualified by sustainable, credible, whatever it is, humanitarian, one that lasts," he adds.
"The British people think our moral compass is spinning in this house, that we have no clue what we're doing any more.
"And yet they see the bodies of shredded children coming across the media pretty much every day."
He said the public wants the "killing to stop", for the hostages to be returned, and for aid to flow into Gaza.
Hitting out at political game-playing, he said their job as MPs is to vote for the outcomes they want, not "some clever process by which we might get there".
Mr Malthouse concluded: "It is time for the bloodshed to stop and for the talking to begin. And in this House and in this country, we must do what we can to make that so."
Our political correspondent Jon Craig is reporting for us live from Central Lobby, just outside the House of Commons chamber, where MPs are debating Israel-Hamas war ceasefire motions.
He caught up a few minutes ago with veteran Tory MP Sir Desmond Swayne, who was heard shouting in the chamber as the Speaker announced he was breaking with convention to allow all three of the SNP, Labour, and Tory motions to be debated and voted on.
Asked what he shouted, he said he was "using irony" in a call to "bring back Bercow".
John Bercow was the Speaker during the Brexit years, and came in for criticism for making what were perceived as political interventions against Brexit.
Sir Desmond said he shouted to bring the former Speaker back "because of the shades of the last time Mr Bercow made a decision that surprised the Commons, and indeed, clearly surprised the clerk and [did not align with] the normal expectation of the way things are done".
He recognised that the debate over parliamentary procedure is "a Westminster bubble story", and notes there is barely a "cigarette paper" between the three main parties.
"Nevertheless, there was a highly-charged atmosphere because Sir Keir Starmer… was on the hook, and Sir Lindsay [Hoyle, the Speaker] has got him off it."
He said it has angered the Tories, the SNP, and the Labour left.
Asked if he thinks Sir Lindsay should be removed as Speaker, as some have suggested, Sir Desmond replied: "For this, certainly not."
He said the Speaker has "brought a useful change in the atmosphere of the House", and notes he does have the discretion to take the action he did today.
Wes Streeting, one of Labour's more outspoken members of the shadow cabinet, has given a Tory MP short shrift as the fallout continues from the Speaker's controversial decision.
Maria Caulfield, a junior Conservative health minister, said on X (formerly Twitter): "Now we know why Sue Gray was on the Speakers corridor ahead of the start of the opposition day debate and then outside the Labour whip's office."
Sue Gray is Sir Keir Starmer's chief of staff, and there have been claims from Tory MPs that Labour figures put huge pressure on the Speaker to pick the party's amendment on a Gaza ceasefire vote ( see 15.20 post ).
Mr Streeting replied: "Take your tin foil hat off. You're embarrassing yourself."
Foreign Office minister Andrew Mitchell is speaking on behalf of the government in the debate on a ceasefire in the Israel-Hamas war.
He reads out the government's motion which condemns Hamas's 7 October attack, supports Israel's right to self-defence under international humanitarian law, supports a sustainable ceasefire, and recognises the hostages need to be released for that to be achieved.
He says a ceasefire "will not last if hostages are still being held, if Hamas still rain down rockets on Israel, if they maintain control of Gaza with capabilities to carry out further terrorist atrocities".
Therefore, he says, the aim should be a humanitarian pause to get more hostages out, more aid into Gaza, and continue negotiations.
In terms of Israel's planned Rafah offensive, the minister says it would have "devastating consequences", and the UK is "deeply concerned about the loss of civilian life in Gaza and the worsening humanitarian crisis".
He calls on Israel to obey international law, including ensuring food, water, and shelter is available to all Gaza residents - and also protecting medical personnel working there.
The way to stop the fighting, the minister says, is to agree a humanitarian pause now to allow negotiations to take place that should lead to the establishment of a viable Palestinian state.
By Jennifer Scott , political reporter
We are getting reports of tense scenes in parliament amid the row over ceasefire amendments, with one shadow minister telling me there has been "lots of tears".
But they also revealed more about the process - and pressure - that came before Speaker Sir Lindsay Hoyle's decision to select Labour's amendment, which broke with precedent and upset Tory and SNP MPs.
According to our source, Labour whips told Sir Lindsay they wouldn't vote for him or back him to carry on as the Commons speaker after the next election if he didn't pick their party's amendment today.
Our chief political correspondent Jon Craig has been told similar by Tory MPs, that claim it was Labour leader Sir Keir Starmer and the party's chief whip Sir Alan Campbell making the threat.
A Labour Party spokesperson has said the claim is "completely untrue".
Sky's political editor Beth Rigby has been hearing more from the lobbying of Commons Speaker Sir Lindsay Hoyle.
She's been told "many MPs made personal pleas to Sir Lindsay about amendments".
"MPs have growing concerns for personal safety after incidents of confrontations and protests over the Israel-Hamas war," she adds.
Daniel Sugarman, the director of public affairs for the Board of Deputies of British Jews, said: "The Speaker's decision enables Labour MPs to vote for their party's motion, rather than refusing to back an alternative and consequently subjecting themselves and their staff to disgusting level of harassment.
"From an MP safety point of view, it's clearly the right call."
Be the first to get Breaking News
Install the Sky News app for free
IMAGES
VIDEO
COMMENTS
1. What is the component of business plan? A. Marketing Strategy B. Sales Strategy C. Executive Summary D. All of the above Correct Answer D. All of the above Explanation The correct answer is "All of the above." In a business plan, all the mentioned components are essential.
1. Question: What is the primary purpose of a business plan? a) Secure funding b) Improve employee morale c) Enhance customer service d) Increase market competition Answer: a) Secure funding 2. Question: Which section of a business plan outlines the company's mission and vision? a) Marketing strategy b) Financial projections c) Executive summary
1: Balance sheet is a financial document that shows the _____ for a business. A. Assets B. Liabilities C. Owner's equity D. All of them Check Answer 2: Business plan is a document describing a business that is used to test the _____ of a business idea, to raise capital, and to serve as a road map for future operations. A. Feasibility
Answer these 100+ Business Planning MCQs and assess your grip on the subject of Business Planning. Scroll below and get started! 1: Financial Statements Include A. Income Statement B. Balance Sheet C. All of the above D. Cash Flow Statement Check Answer 2: Which should NOT be included in an executive summary? A. Exhibits B. Name of founders
1. What's a typical timeframe that a business plan addresses? One year The anticipated life of the business At least ten years At least five years Three to five years 2. What's the biggest...
The correct answer is E, C, A, B, D. Key Points The correct sequence is: Executive summary. E. Executive summary is the fisrt section of the business plan but is typically written first. It provides a concise overview of the entire business plan, highlighting the key points, goals, strategies, market opportunity, and financial projections.
General Business Planning MCQs 1. Financial Statements Include 2. Which should NOT be included in an executive summary? 3. Estimating capital requirements is important for the: 4. The 4Ps are also known as: 5. How long should a typical business plan project for? 6. What is the first section in a traditional business plan? 7.
75 Basic Questions Behind a Business Plan A business plan is a written document that clearly defines the goals of a startup or existing business and outlines specific methods for achieving these goals. An effective business plan acts as the management and financial blueprint for developing and growing your business.
135 Business Plan Questions. Embarking on the business journey of your dreams begins with a robust business plan. This plan is not just a document—it's the roadmap to your success, painting a clear picture of where you're headed and how you plan to get there. Whether you're a seasoned entrepreneur or a hopeful startup pioneer, the ...
Multiple choice question. framed by investors, suppliers, and potential customers a combination of functional plans like marketing, finance, manufacturing, and human resources created to address only short-term decision making for the first three years of operation a road map prepared by the employees of a firm Click the card to flip 👆
1. Multiple Choice 30 seconds 1 pt A business plan is a written description of a new business venture that describes all of the business aspects products goals strategies 2. Multiple Choice 30 seconds 1 pt In a business plan, the size, scope, and type of business is explained in the . company description product and service plan
Business plan - multiple choice questions: 3.1 b) e) f) Note that the question said financial information 4. Give two answers for each of the following: 4.1 Possible answers include - to secure finance from lenders and investors, to identify potential problems, to decide if the idea is viable
1. Multiple Choice 30 seconds 1 pt Which of the following is an advantage to a new business start-up of producing a business plan? It will guarantee survival It will help test financial viability It will ensure sales targets are met It will not need to be referred to again by the business owner 2. Multiple Choice 30 seconds 1 pt
A business plan is a document that outlines _____. Multiple choice question. (a) the need the firm will fill, the operations of the business, and its expected revenues and expenses (b) the organization's long-term goals and direction (c) a firm's resources or capabilities along with their competitive strategic potential (d) a proposed firm's goals, strategy for achieving them, and standards ...
The questions which follow provide a basic knowledge test of selected concepts covered in this learning pathway: Business planning. The questions published at the end of each learning pathway are re-used for the knowledge test for learners interested in earning a digital badge or certificate of participation for the Introduction to entrepreneurship (IENT102) micro-course.
Multiple choice question. the business plan has no computer-based spreadsheet the opportunity assessment plan is longer the opportunity assessment plan is used to decide if a company should act on an idea the business plan focuses on an opportunity, not a venture Click the card to flip 👆
1. Which type of business plan is created by mid-level management, is designed for a division of the company and contains specific actions and ideas without being very detailed? Operational...
3. Who is your audience? Here's a hint: the answer can't be "everybody." No matter how useful or practical your product or service is, there's no way you're going to be able to sell to everyone in ...
A business plan will include some combination of eight key elements: Executive Summary, Company Description, Market Analysis, Products and Services, Marketing and Sales Strategy, Management and...
1. Multiple Choice 45 seconds 1 pt What is a business plan? A gallery of photos that explains the location and construction of the business A written plan that is a description of all the aspects of the business and includes the business's goals
3. All of the following are the broad categories of External forces EXCEPT: 4. A ______________ is a professional money manager who makes risk investment from a pool of equity capital to obtain a high rate of return on investments. 5. Members of distribution channels are excellent sources for new ideas because: 6.
Show the Developer tab. If the developer tab isn't displayed in the ribbon, see Show the Developer tab.. Open a template or use a blank document. To create a form in Word that others can fill out, start with a template or document and add content controls.
Study with Quizlet and memorize flashcards containing terms like An integrated business plan that formally lays out the company's goals is called the Blank_____ budget. A)Profit Planning B) Master C) Sales D)Self-imposed, Which of the following is needed to prepare a sales budget? ... Multiple choice question. $25,000 $20,000 $5,000. Answer: ...
The UK has become the first country to issue sanctions against Russian officials over the death of Alexei Navalny - targetting bosses at the "Polar Wolf" penal colony where he died last week.
A Commons vote calling for a ceasefire in Gaza is set to be held later, but there's a chance Labour's amendment will not be selected, putting Sir Keir Starmer in a difficult position.