MCQ Bank
Nature of the business competition decides the length of a business plan.
- A) True
- B) False
- C)
- D)
Business plan precedes a business idea.
- A) True
- B) False
- C)
- D)
Business plan then business idea then business practice is the wrong sequence.
- A) False
- B) True
- C)
- D)
Business plan tells us about the outcome of a business activity.
- A) True
- B) False
- C)
- D)
Business plan and business idea are same.
- A) True
- B) False
- C)
- D)
Which of the following options best describes the main feature of the “Approach” section within an NABC framework?
- A) The features of the product being introduced
- B) The list of competitors
- C) The details of the tool being deployed to reach the target audience
- D) The description of the business need
A well written business plan leads to:
- A) Measurement of a business performance
- B) Generation of a business idea
- C) Effective initiation of a business
- D) Refinement of a business output
All of the following options best describe the contributing features of the “Approach” section within an NABC framework, except:
- A) The mechanism to fulfill the needs of the target customers.
- B) The resources to fulfill the needs of the target customers.
- C) The data about the competitors.
- D) The tools needed to fulfill the needs of the target customers
Executive summary is a glimpse of the whole business plan document.
- A) True
- B) False
- C)
- D)
Which of the following factors directly relate to the length of a business plan?
- A) Number of employees
- B) Complexity of the business
- C) Amount of the investment
- D) Number of customers
The selection of digital media as a tool for marketing campaign is a prime attribute of the “Need” section of an NABC framework.
- A) True
- B) False
- C)
- D)
Business plan then business idea then business practice is the correct sequence.
- A) True
- B) False
- C)
- D)
Business idea is about concept of a business.
- A) True
- B) False
- C)
- D)
The term “Backbone of a business startup” is entitled to a:
- A) Business outcome
- B) Business concept
- C) Business idea
- D) Business plan
The “Competition” section within an NABC framework discusses the tools and mechanisms to fulfill the needs of the target customers.
- A) True
- B) False
- C)
- D)
Business idea broadly provides details about:
- A) Concept of a business
- B) Planning of a business
- C) Merits of a business
- D) Outcome of a business
The information about the competitors’ sourcing is an attribute of the “Competition” section of an NABC framework.
- A) False
- B) True
- C)
- D)
Which of the following section of a business plan holds the supporting documents for the actual business plan?
- A) Appendix
- B) Management plan
- C) Table of contents
- D) Executive Summary
Which of the following sections of an NABC framework features the decision about the categorization and packaging of the products being offered?
- A) Approach
- B) Benefits
- C) Competitionq
- D) Need
Appendix holds the supporting documents for the actual business plan.
- A) True
- B) False
- C)
- D)