
TEst 2
Authored by Noah Rivera
Education
10th Grade

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35 questions
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1.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
You decide to create a new type of energy bar. You take samples to a focus group to get their reactions to your product. Which stage of the development process are you in?
Concept development
Idea generation
Market strategy creation
Product development
2.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
Which two actions help start-up companies achieve product/market fit?
Identifying underserved customer needs
Testing the minimum viable product prototype with customers
Hiring additional staff to handle exponential growth
Determining the primary competition
3.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
You want to buy a gift shop in a popular location within a large town. Which three factors will help you determine if the business opportunity is viable?
Market size
Financing requirements
Current Inventory
Current number of employees
Shop’s floorplan
f. Revenues and cost
4.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
What is the benefit of being an entrepreneur?
Predictable job description
Consistent 40-hour work weeks
Limitless income potential
Paid sick time and health insurance
5.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
You recently opened a food truck business. Which of the following is a start-up cost?
Gasoline
Cooking utensils
Business license
Truck lease payments
6.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
What is the first step in forming a product/ market fit in the hypothesis?
Establish a distribution system
Determine who the competition is
Create a prototype
Determine who the target customer is
7.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
You recently opened a food truck business. Which of the following is an operating cost?
Gasoline
Cooking utensils
Truck lease payments
Truck lease payments
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