The term “Backbone of a business startup” is entitled to a:

• A) Business idea
• B) Business outcome
• C) Business concept
• D) Business plan

Which of the following questions is directly answered in the Need section of an NABC framework?

• A) What technology does the company need to prepare the prototype?
• B) Who are the suppliers of the raw materials involved?
• C) What is the need?
• D) Which are the competing brands in the market?

“General Business Description” section of a business plan pitches the opportunity rationale.

• A) True
• B) False
• C)
• D)

the product value, features, and packaging-related attributes are best discussed in the “Benefits” section of an NABC framework.

• A) False
• B) True
• C)
• D)

The information about the competitors’ sourcing is an attribute of the “Competition” section of an NABC framework.

• A) True
• B) False
• C)
• D)

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) Need
• C) Competitionq
• D) Benefits

Business plan tells us about the outcome of a business activity.

• A) False
• B) True
• C)
• D)

Business plan and business idea are different to each other.

• A) False
• B) True
• C)
• D)

Product value and packaging-related attributes are best discussed in the “Need” section of an NABC framework.

• A) True
• B) False
• C)
• D)

Potential employee is a beneficiary to a business plan document.

• A) True
• B) False
• C)
• D)

Business plan precedes a business idea.

• A) True
• B) False
• C)
• D)

Which of the following is an internal beneficiary of a business plan document?

• A) Potential customers
• B) Potential investors
• C) Potential employees
• D) Potential suppliers

A complex business is likely to have a very lengthy business plan.

• A) False
• B) True
• C)
• D)

Business plan then business idea then business practice is the correct sequence.

• A) False
• B) True
• C)
• D)

Business plan then business idea then business practice is the wrong sequence.

• A) False
• B) True
• C)
• D)

Business idea is about concept of a business.

• A) True
• B) False
• C)
• D)

The information about the customers' demographics is an attribute of the “Need” section of an NABC framework.

• A) True
• B) False
• C)
• D)

A well written business plan leads to:

• A) Effective initiation of a business
• B) Generation of a business idea
• C) Refinement of a business output
• D) Measurement of a business performance

Which of the following section of a business plan pitches the opportunity rationale?

• A) General business description
• B) Table of contents
• C) Appendix
• D) Management plan

Which of the following factors directly relate to the length of a business plan?

• A) Number of customers
• B) Amount of the investment
• C) Complexity of the business
• D) Number of employees