ENT1/6: BUSINESS PLANNING ASSIGNMENT

SAMPLE QUESTIONS

1. (a) Describe the elements of a business plan

(b)    What is the importance of preparing a business plan?

2. (a) Define the term business plan and explain   the different  types of business plans.

(b)    Describe the structure of a business plan.

3. (a) What is the importance of an executive summary?

b) Describe the structure of an executive summary?

3. (a) Describe the components of the production process section of a production plan.

(b)    What are the contents of a management plan?

5. (a) List the production needs which are considered when developing production.

(b)    What are the problems that may hinder the successful implementation of a business plan?

6. (a) Explain the steps that should be considered when designing  a marketing plan.

(b)    Describe the tools an entrepreneur may use to monitor  business operations.

7. (a) Explain the steps followed while preparing a business plan.

(b)    Of what importance is an operational budget to an  entrepreneur?

8. (a) Distinguish between a master daily work schedule and a  daily work schedule.

(b)    Explain the importance of work schedule to an   entrepreneur.

(c)    Examine the factors considered by an entrepreneur when preparing a daily schedule.

9. (a) Explain the uses of an action plan to an entrepreneur.

(b)    Of what importance of the following to an entrepreneur

cash flow statement

Marketing plan

10. (a) Why is it necessary for entrepreneurs to carry out proper  budgeting?

(b)    Describe the steps involved when preparing an operational    budget.

11. (a) What are the components of

General description of a business.

Financial plan

(b)    Explain the challenges faced when carrying out budgeting.

12. (a) Define pre-operating expenses.

(b)    What are the various pre-operating expenses business  incur?

13. (a) Explain the qualities of a good business goal?

(b)    What is the importance of setting goals in business?

14. (a) Define a cash flow statement.

(b)    What are the elements of a cash flow statement?

END