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Business Plan
Types of Businesses
Trivia
100

In the "executive summary" you have to write your company's M________ S___________

What is a mission statement?

100
A business owned and run by just one person.
What is a proprietorship?
100

What is the largest MAMMAL on earth?

Whale

200

Which of these is not in the business plan?

Market Analysis

Marketing and Sales

Management

Company Description

Management

200
A business owned and controlled by two or more people who have entered into a written agreement.
What is a partnership?
200

 In which sport can you score a “try”?

Rugby

300

List 2 reasons why a business could fail

  • Lack of money.

  • Lack of business experience.

  • Poor management skills. 

  • Inefficient inventory control. 

  • Poor credit management. 

  • Poor location. 

  • Improper budgeting. 

  • Lack of advertising. 

  • Natural disasters. 

300
A separate legal entity formed by documents filed with your state. It is owned by shareholders.
What is a corporation?
300

What is the name of the process by which plants make their own food using sunlight?

Photosynthesis

400

A person who starts a new business or purchases an existing business

Entrepreneur 

400
This type of business carries out activities that are consumed by its customers (intangible products)
What are service businesses?
400

What is the tallest type of grass?

Bamboo

500

What are the 5 P's of Entrepreneurship? 

Profit

Passion

Persistence

People

Purpose

500
The company that owns the product or service and grants the rights to another business.
What is a franchiser?
500

Average human takes how many breaths a day?

23,000