Lesson 4 Your Business Snapshot

Lesson 4 Your Business Snapshot

8th Grade

5 Qs

quiz-placeholder

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Lesson 4 Your Business Snapshot

Lesson 4 Your Business Snapshot

Assessment

Quiz

Business

8th Grade

Hard

Created by

Christine Tidmore

Used 8+ times

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5 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

45 sec • 20 pts

Your friend is developing a marketing plan for her new business. What should she put in this plan?

Where she wants to sell her product

The price of her product

A description of the people in her target market

All of these

2.

MULTIPLE CHOICE QUESTION

45 sec • 20 pts

Which statement is the best description of a Value proposition?

The cost of creating the product

A component of the business plan that identifies the target market for the product

The features and benefits that make the product or business unique

3.

MULTIPLE CHOICE QUESTION

45 sec • 20 pts

What is the main purpose of developing a business pitch?

To tell investors all the important details and goals of your business so they don't need to read the business plan

To provide customers with an in-depth description of how your business was formed

To briefly share the most important information about your business to people in an engaging way.

To determine whether your business idea is a business opportunity

4.

MULTIPLE CHOICE QUESTION

45 sec • 20 pts

Which of the following is probably NOT an important point to include in a business pitch?

a detailed description of the meaning behind the company's name

the problems that the product or service solves or the demand it meets

how the product or service is different

clear reasons why the potential customers and investors should care about the business

5.

MULTIPLE CHOICE QUESTION

45 sec • 20 pts

Why is it important to conduct market research on your target audience before building your marketing plan?

Newspapers and magazines will give you a discount on advertisements if you show them your research

You need to consider who your potential customers are before deciding on marketing strategies

Customers enjoy sharing their opinions, so market research will make your product sell more

It doesn't matter which one you do first

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