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)

Which of the following sections of an NABC framework features the decision about the selection of media type for the marketing campaign of the business?

• A) Need
• B) Benefits
• C) Competition
• D) Approach

Amount of the investment decides the length of a business plan.

• A) False
• B) True
• C)
• D)

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

• A) True
• B) False
• C)
• D)

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

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

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

• A) True
• B) False
• C)
• D)

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

• A) False
• B) True
• C)
• D)

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

• A) False
• B) True
• C)
• D)

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

• A) False
• B) True
• C)
• D)

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

• A) False
• B) True
• C)
• D)

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

• A) False
• B) True
• C)
• D)

Potential employee is a beneficiary to a business plan document.

• A) False
• B) True
• C)
• D)

Which of the following section of a business plan is a guide to explore the whole document?

• A) Executive Summary
• B) Table of Contents
• C) Appendix
• D) Management plan

A scientific business plan covering all the strategic components is termed as:

• A) Informal business plan
• B) Major business plan
• C) Formal business plan
• D) Skeleton business plan