Question $101(1$ point$)$

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Robert needs a mission statement for his business. What kind of mission statement should he create?

Question $101$ options:

a$)$

A mission statement that is long and complex, outlining all the possible services that Robert could offer to his clients.

b$)$

A mission statement that is short and sweet, only one sentence, and captures Robert's overall purpose in the personal training industry.

c$)$

A mission statement that is vague and broad, leaving plenty of room for Robert to grow and expand his business.

d$)$

A mission statement that is overly specific, only focusing on one aspect of Robert's business and excluding other possible areas of growth.

Question $102(1$ point$)$

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Where can Robert go to find out more about the city's permit and licensing processes?

Question $102$ options:

a$)$

The local library

b$)$

The post office

c$)$

The city's business planning office

d$)$

The DMV

Question $103(1$ point$)$

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In what part of the business plan should Robert mention what type of ads he will be using to promote his business?

Question $103$ options:

a$)$

Market Analysis

b$)$

Financial Analysis

c$)$

Business Description

d$)$

Marketing Strategy

Question $104(1$ point$)$

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In what part of the business plan should Robert mention his mission statement and his company's strengths?

Question $104$ options:

a$)$

Market Analysis

b$)$

Description of the Industry

c$)$

Business Description

d$)$

Competitive Analysis

Question $105(1$ point$)$

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Robert wants to be the only owner of his business. What kind of business structure should he choose?

Question $105$ options:

a$)$

Sole Proprietorship

b$)$

C Corporation

c$)$

Limited Liability Company

d$)$

Limited Partnership