Page 91 - Bisiness Studies_Form_3

Business Studies for Secondary Schools

(a) Related business.

(b) Delay of supplies.
(c) Poor quality of goods.
(d) Poor customer service.

FOR ONLINE READING ONLY
(v) These are preliminary activities carried out by one who wishes to start a new
business except .

(a) Organising resources.

(b) Writing a business plan.

(c) Securing the permits.

(d) Going for holiday.

(vi) The purpose of the operations plan in a business plan is to .

(a) Outline the business’s financial projections.

(b) Describe how the day-to-day activities of the business will be managed.

(c) List the business’s legal structure.

(d) Define the company’s mission statement.

(vii) What is the key element of a business plan’s marketing strategy?

(a) Elaborate employee training schedules

(b) Provide a detailed list of company policies
(c) Identify the target market and promotional tactics

(d) Create office supply inventory

(viii) In the context of a business plan, what is an executive summary?
(a) A summary of the company’s tax returns

(b) A brief overview of the whole business plan
(c) A detailed description of the product development process

(d) An in-depth analysis of the company’s competitors

83 Student’s Book Form Three