TUTORIAL 3

TUTORIAL 3: DEVELOPING AN EFFECTIVE BUSINESS PLAN

Section A

1.       Business plan also known as

          A        Marketing Plan

          B        Prospectus

          C        Administration Plan

          D        Summary Plan

2.       The following are the audiences of business plan, EXCEPT?

          A        Entrepreneur

          B        Suppliers

          C        Walk-in Customers

          D        Organizational Clients

3.       Which of the following can be the purpose of the business plan?

          A        To allocate business resource more effectively

          B        To analyze company’s performance

          C        To attract the customers to buy company’s product

          D        To motivate employees

4.       Company’s vision, mission and objective should be included in ______________

          A        marketing plan

          B        financial plan

          C        operation plan

          D        administration plan

5.       Which of the plans does not imposed project cost?

          A        Marketing plan

          B        Financial Plan

          C        Operation Plan

          D        Administration Plan

Section B

1.       State SIX reasons for preparing a business plan.

(6 marks)

2.       Lit the elements should be included in operational plan.

(9 marks)