Session 136 L2 quiz 1

A business is defined as an organization engaged in _________.

• Commercial activity

• Industrial activity

• Professional activity

• All of the above

A business plan is a document that outlines the _______.

• Goals

• Strategies

• Steps

• All of the above

A business idea is a concept that can be used to earn money that is usually centered on a good or a service.

• True

• False

To find a good business idea, you first need to make a list of things you really like to do or would like to work on.

• Yes

• No

Having something that differentiates your product with others available is known as _________.

• Unique Selling Point

• Unique Selling Process

Your business idea could also be about launching a new product.

• Yes

• No

Ben wants to start a business for which Hellen suggested that he should check the market space and analyze it before launching the product. Do you think Hellen gave him the right suggestion?

• Yes

• No

Market research involved gathering information about a market, product, or service to gain insight into customers, competitors, and the market.

• True

• False