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PBMF Exam Review - Business Plan
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PBMF Exam Review - Business Plan
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25 Questions

1. The gathering and analysis of information on the size, location, and makeup of a product market.

2. Can be described as something an entrepreneur can see as an avenue to success.

3. This is an example of a _____.

4. Money your business earns from selling goods or services is called _____.

5. Your _____ is the person you've identified as most likely to purchase your products.

6. the group of individuals or companies that are most likely to buy your product or service

7. 'Think Different' is an example of a _____.

8. a set of unique features of a company and its products that are perceived by the target market as significant and superior to those of the competition

9. the $ it takes to start your business and keep it running for the first 6-12 months

10. are costs that do not vary regardless of how many units of a good or service are produced.

11. A group of consumers who share common wants and needs.

12. a written description of a new business venture that describes all aspects

13. an alternative product/service that may provide other benefits

14. the amount of $ left over when the revenue exceeds costs/expenses

15. the chances that something will be successful

16. focus on long term, broad aims and apply to the business as a whole.

17. buying and selling goods and services via the internet.

18. How will you go about making this happening? What is timing?

19. electronic business - using the internet to conduct business.

20. What is an advantage of a organizing your business as a corporation?

21. Involves two or more people who agree to share in the profits or losses of a business.

22. A brief recounting of the key points contained in a business plan.

23. are the business' predictions about the future

24. Allows the benefits of both the corporation and partnership forms of business.

25. a critical look at the industry size, growth or decline, and legal concerns

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