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Business English Exercises
 

The Business Plan

Answers to test questions and links to explanations

Home > Teaching Business English > Business English Lessons, Advanced Level # 48
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the business plan answer 1
The initial responsibility of a business plan is to help to develop a solid business strategy.

Correct answer: (d) solid

Meaning of business term solid
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the business plan answer 2
First, you should describe your products and services and discuss the market that you are targeting.

Correct answer: (c) targeting

Meaning of business term targeting
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the business plan answer 3
If you wish to interest investors, you need to emphasize the company's profit potential.

Correct answer: (a) potential

Meaning of business term potential
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the business plan answer 4
You should be particularly careful to adequately disclose the risks in the business.

Correct answer: (c) disclose

Meaning of business term disclose
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the business plan answer 5
You should examine customer needs and the benefits of your products and services.

Correct answer: (c) needs

Meaning of business term needs
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the business plan answer 6
Evaluate the strong and weak points of any firms in competition with yours and look for marketplace opportunities.

Correct answer: (b) Evaluate

Meaning of business term Evaluate
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the business plan answer 7
If you can find a particular market niche to focus on, you should investigate this further.

Correct answer: (d) niche

Meaning of business term niche
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the business plan answer 8
It may also be possible for you to position your products differently in the marketplace to attract new customers.

Correct answer: (a) position

Meaning of business term position
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the business plan answer 9
It is not a good idea to exaggerate sales projections, and it is just as poor an idea to underestimate operating costs.

Correct answer: (d) underestimate

Meaning of business term underestimate
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the business plan answer 10
If you forecast conservatively, you will be more likely to maintain an extra cushion of cash.

Correct answer: (d) cushion

Meaning of business term cushion
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Business English Practice Exercises Business English Tests — several topics are covered: office matters, job applications, computer English, money expressions, business law, operations management, retail marketing, e-commerce, accounting terms, contracts and agreements, commercial correspondence, etc.
You will be exposed to a wealth of authentic sample sentences that include a great variety of themes. This compact Business English Test Package is the only printable English test collection currently available on the Internet. It contains 501 Business English Exercises (10 questions per test plus answer keys).  Get your unique Business English Practice Exercises now!

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