Unit 2: Lesson 2

Question 1

-have the essence of the business in a short but powerful manner

-value of the product to be offered

Answer 1

Business Concept

Question 2

How the business plans to make money

Answer 2

Business Model

Question 3

-long term and future prospects if the business

-tells you wherever you want to go

-increased effectiveness

-represented through words

Answer 3

Business Goals

Question 4

-tells you precisely how to get there

-backs up goals, be more economical

-usually go together with numbers and specific dates

Answer 4

Objective

Question 5

Summarizes the necessary details of the business plan for it’s readers

Answer 5

Executive summary

Question 6

The Business Proponents: Types of Stakeholders:

-investors willing to take a position within a business

-share the capital of the business

Answer 6

Resource Mobilizers

Question 7

The Business Proponents: Types of Stakeholders:

-think about the technologies

-analyze if the budget is enough / enough funds to acquire technologies

Answer 7

Technology Providers and Applicator

Question 8

The Business Proponents: Types of Stakeholders:

-lead their members

-formulate different ideas and thoughts

Answer 8

Government and Top Management

Question 9

The Business Proponents: Types of Stakeholders:

-create the main product

-works to implement and operate the institution

Answer 9

Operations and Support team