According to the course, which is the most important section of the business plan?

Executive Summary

Financial Management and Projections Statements

Services or Product Lines

Management and Operations

2-

In which section of a business plan can you find the name of the companys lawyer? Select the best answer.

Executive Summary

Company Description

Financial Management and Projections Statements

Appendices

3- Which SMART component is the following goal missing? In 2020, Company ABCs Canadian operations generated $90M of revenue, and in 2021 the Canadian operations generated $98M of revenue. Their goal is to achieve $100M of revenue in their Canadian operations in the near future.

Specific

Realistic

Measurable

Timel

4- Where would you most likely find information regarding the hierarchical or flat structure of the organization? Select the best answer.

Management and Operations

Appendices

Executive Summary

Company Description

5-What is a benefit of having a small number of suppliers for a companys products?

Mitigates the risk of not being able to obtain inventory to sell

The suppliers have better bargaining power

Better relationship which can result in better repayment terms

More product variety

6-Which risks may be associated with the location of a firms operations? Select all that apply.

Foreign exchange risk

Budgetary risk

Regulatory risk

Geo-political risk

7-Company XYZ sells womens running shoes in two U.S. states. Which option would be considered their SAM (Serviceable Attainable Market)?

The demand of womens running shoes in the two U.S. states

The suppliers who are involved in the womens running shoe market

The demand of the entire shoe market

The demand of women who run and who live near the running shoe stores with feet sizes between 6 to 8

8-Company A sells bottled soft drinks in Australia. Which of the following answers best describes a threat to company A according to a SWOT analysis?

More consumers are drinking bottled soft drinks this year than previous years

Company A only sells four products

Customers are purchasing more gym memberships and are becoming more focused on their health

Company A doesnt have a corporate website

9-Company B is a technology company which primarily sells products to middle-class individuals. If the average middle-class income falls, which PESTEL factor would be affected?

Environmental

Economic

Technological

Social

10-When a company is developing their outlook through conducting a market analysis, which areas should they consider? Select all that apply.

Unemployment rates

Favorable or unfavorable legislation

Population growth expectations in the region

Spending plans of the relevant government