Write TRUE if the statement is correct. Otherwise, write FALSE.
1. Income levels of a community affects the buying capability of its citizens.
2. Contingency plans must be included in a business plan for anticipated
concerns that may arise.
3. Poorly researched business poses lower risk.
4. Once entrepreneurial skills and competencies are identified, one can start a
business venture right away.
5. Business profit includes the quantity needed for business operations as well
as sources of such amount.
6. Executive summary is found at the beginning of the plan but is done last.
7. A business plan is also written for the sake of the investors from whom the
entrepreneur may ask for financial assistance.
8. Market segmentation is a process of analyzing the internal and external
factors that affect a business enterprise
9. A financial plan must be written solely by someone who is knowledgeable
about handling finances such as certified financial planner.
10. Weaknesses and threats are both harmful and external factors that may
affect the business.
Answer:
- True
- True
- False
- True
- True
- False
- True
- True
- True
- True
