Business, 10.01.2020 13:31 KarrieShea42

2. your business plan is a
a. strategy for opening your business.
b. selection of your best business ideas.
c. blueprint for the achievement of your goals.
d. brief description of your business.
student a
incorrect
reference: section 3.1

7. what is the primary purpose of a mission statement?
a. to list the immediate goals of the business
b. to promote the growth of a business
c. to state the reason for the existence of a business
d. to explore the options for a business
student a
incorrect
reference: section 3.1

8. "to make a profit while benefiting humanity" is an example of a mission statement that
a. incorporates values.
b. is too vague.
c. confuses the fundamental goal.
d. is too humanitarian.
student b
incorrect
reference: section 3.1

9. a mission statement that concentrates on how your business will affect your competitors, rather than focusing on your goals is called a/an statement.
a. anti-mission
b. social values
c. commercial image
d. grand scale
student c
incorrect
reference: section 3.1

10. a business usually becomes listed in the fortune 500 during its stage.
a. mature
b. final
c. stability
d. successful
student d
incorrect
reference: section 3.2

13. owens finest mattress co., inc. decided to employ an anti-mission statement. which of the following phrases did they use?
a. we'll strive to outsell every other mattress manufacturer.
b. we'll destroy sealy.
c. we'll decrease production to save money.
d. we'll make the finest even finer.
student d
incorrect
reference: section 3.1

15. if you most enjoy the start-up stage of business, you may consider selling when you reach the stage, and plan to start another business.
a. final
b. successful
c. mature
d. stability
student d
incorrect
reference: section 3.2

20. maureen, a talented painter, started a business making handmade furniture with customized designs painted on each piece. because she knows nothing about marketing, you'd advise her to
a. teach herself how to market the products.
b. hire an outsider with marketing experience.
c. rely on word-of-mouth to sell her furniture.
d. ask a relative to handle marketing for her.
student a
incorrect
reference: section 3.1

Answers: 2

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Answers

1. Your business plan is a blueprint for the achievement of your goals.
Correct C
The business plan describes what you plan to do and how you plan to do it. It describes the desired and planned future of your business.
2. The mission statement identifies the scope of the business operations. It describes the purpose of the organization or the business.
The primary purpose of a mission statement is to state the reason for the existence of a business . So, the correct answer is C.
3."To make a profit while benefiting humanity" is an example of a mission statement that incorporates values. Correct A
This statement is a mission statement that is both capitalist and socialist in nature. Making profit while the humanity alsa benefits is example for social responsible business.
4.A mission statement that concentrates on how your business will affect your competitors, rather than focusing on your goals is called an anti-mission statement. Correct A
The anti-mission statement focuses on the competitor, and by doing so it loses the main purpose of the mission statement, to focus and describe own goal and objectives, so it is characterizes as anti-mission.
5. Fortune 500 is a list that lists the 500 largest United States corporations by total revenue for their respective fiscal years.
A business usually becomes listed in the Fortune 500 during its mature stage. Correct A
6.If you most enjoy the start-up stage of business, you may consider selling when you reach the successful stage, and plan to start another business. Selling the business at its successful stage is mots appropriate because it will bring you the biggest profit.
7. Maureen, a talented painter, started a business making handmade furniture with customized designs painted on each piece. Because she knows nothing about marketing, you'd advise her to rely on word-of-mouth to sell her furniture . This would be cost effective and is the best way (most efficient) to market a business. Correct C

Answer from: Quest

i would say their habit of breaking down.

Answer from: Quest

answerinnovative culture;

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2. your business plan is a
a. strategy for opening your business.
b. selection of your b...

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