Lesson 1.4.4a
1.4.4a Contents of a business plan Quiz: Pearson Edexcel Business, Unit 4
20 questions
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Lesson 1.4.4a, Contents of a business plan: 20 multiple choice questions for the Pearson Edexcel GCSE Business (1BS0), Unit 4: Making the business effective, written with Revision Ninja.
Host it live on the board and students join with a game code on their own devices, or revise alone with Free Play. The answers are revealed in the game.
The 20 questions
-
Which financial forecast is a standard section of a business plan?
- Cash-flow forecast
- Payroll summary
- Tax return form
- Daily stock ledger
-
What section of a business plan details customer characteristics found through research?
- Supplier list
- Tax details
- Production schedule
- Target market
-
What document in a business plan shows the timing of money entering and leaving the business?
- Cash-flow forecast
- Income statement
- Balance sheet
- Asset register
-
Which of these is a typical business aim found in a business plan?
- Weekly rent amount
- Daily wage rate
- Market leadership
- Hourly utility cost
-
Which section of a business plan details loans and share capital?
- Production methods
- Marketing mix
- Sources of finance
- Operations layout
-
What does the location section of a business plan primarily explain?
- Staff wage rates
- Site suitability
- Product pricing
- Advertising channels
-
A business plan includes a sales forecast of £120,000 and costs of £90,000. What is the forecast profit?
- £210,000
- £120,000
- £30,000
- £90,000
-
What is a major benefit of writing a business plan before start-up?
- Identifying risks
- Free raw materials
- Guaranteed profits
- Eliminating tax
-
Which section of a business plan outlines product, price, promotion and place?
- Operations section
- Personnel section
- Financial section
- Marketing section
-
Which financial forecast predicts when a profitable business might run out of money?
- Cash-flow forecast
- Break-even forecast
- Profit forecast
- Sales forecast
-
What term describes the specific group of customers a business aims to sell to?
- Sample group
- Market share
- Target market
- Mass market
-
Which section of a business plan includes a sales target and a set timescale?
- Aims and objectives
- Cash-flow forecast
- Marketing mix
- Executive summary
-
What is typically the very first stage of writing a new business plan?
- Cash-flow forecasting
- Premises lease signing
- Bank loan application
- Business idea identification
-
What key aspect does a bank assess using a business plan before lending?
- Tax returns
- Viability
- Market share
- Employee morale
-
What is the main benefit of including a forecast of costs in a plan?
- Reducing staff wages
- Eliminating tax bills
- Checking break-even levels
- Guaranteeing future profits
-
Which major risk is a formal business plan specifically designed to reduce?
- Sudden earthquake damage
- Global weather storms
- National currency changes
- Insufficient cash or demand
-
What do the stated aims outline within a new business plan?
- Supplier contact numbers
- Office paint colours
- What the business achieves
- Daily employee lunches
-
Which element of the marketing mix does a product launch advertising budget support?
- Product
- Price
- Promotion
- Place
-
Which of these is NOT a normal item included in a business plan?
- Personal pension savings
- Aims and objectives
- Cash-flow forecast
- Market research data
-
Why should a business plan clearly state its assumptions about prices and costs?
- To order staff uniforms
- To calculate tax rebates
- To judge forecast realism
- To select office furniture
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