NR 533 WEEK 7 BUSINESS PLAN ASSIGNMENT
STUDY GUIDE 2026 SOLVED QUESTIONS WITH
ACCURATE ANSWERS GRADED A+
◉ Key partners. Answer: Essential to making the right activities
happen and to acquiring key resources
◉ Key activities. Answer: Relate directly to the firm's value
proposition
◉ Key resources. Answer: Provides estimates of the inputs required
for a particular product or service in order to achieve positive profits
and cash flows
◉ Cost structures. Answer: Provides a framework for estimating a
firm's COGS and operating exxpenses
◉ Business model risk. Answer: A component of the business model
that identifies risks in the model and how the model can adjust to
them
◉ Lean start-up. Answer: An iterative process to reduce risk in a
new venture
, ◉ Pivoting. Answer: Refocusing or recreating a start-up if the initial
concept turns out to be flawed
◉ Business plan. Answer: A document that outlines the basic
concept underlying a business and describes how that concept will
be realized
◉ 1. A logical statement of a business problem and your solution
2. A significant amount of hard evidence, based in part on your
business model
3. Candor about the risks, gaps, and assumptions that might be
proved wrong. Answer: At a minimum, every business plan should
include the following three key elements:
◉ company insiders
outsiders. Answer: A business plan can be a helpful tool to use with
two important groups:
◉ Short plan. Answer: An abbreviated business plan that presents
only the most important issues and projections for the business
◉ Comprehensive plan. Answer: A complete business plan that
provides an in-depth analysis of the critical factors that will
STUDY GUIDE 2026 SOLVED QUESTIONS WITH
ACCURATE ANSWERS GRADED A+
◉ Key partners. Answer: Essential to making the right activities
happen and to acquiring key resources
◉ Key activities. Answer: Relate directly to the firm's value
proposition
◉ Key resources. Answer: Provides estimates of the inputs required
for a particular product or service in order to achieve positive profits
and cash flows
◉ Cost structures. Answer: Provides a framework for estimating a
firm's COGS and operating exxpenses
◉ Business model risk. Answer: A component of the business model
that identifies risks in the model and how the model can adjust to
them
◉ Lean start-up. Answer: An iterative process to reduce risk in a
new venture
, ◉ Pivoting. Answer: Refocusing or recreating a start-up if the initial
concept turns out to be flawed
◉ Business plan. Answer: A document that outlines the basic
concept underlying a business and describes how that concept will
be realized
◉ 1. A logical statement of a business problem and your solution
2. A significant amount of hard evidence, based in part on your
business model
3. Candor about the risks, gaps, and assumptions that might be
proved wrong. Answer: At a minimum, every business plan should
include the following three key elements:
◉ company insiders
outsiders. Answer: A business plan can be a helpful tool to use with
two important groups:
◉ Short plan. Answer: An abbreviated business plan that presents
only the most important issues and projections for the business
◉ Comprehensive plan. Answer: A complete business plan that
provides an in-depth analysis of the critical factors that will
