Entrepreneurship and Small Business Test Questions #3

Product Quality Control Testing:

Refine quality measures as needed to increase the level of satisfaction with your product.

• True

• False

Product Quality Control Testing:

Review the results of a competitors quality assurance testing.

• True

• False

Product Quality Control Testing:

Establish the method to use for testing product quality.

• True

• False

Product Quality Control Testing:

Determine what standards have to be met based on the product and industry.

• True

• False

Product Quality Control Testing:

Don't spend money on Product Quality Control Testing unless more than 10% of customers complain.

• True

• False

You are creating a new type of electric shaver that is light-weight, portable, and holds a longer charge.

Which one is not one of the things you will need to consider regarding the mass production of your electric shaver?

• Creating your prototype to demonstrate the product's function to potential customers

• Finding a manufacturer

• Sourcing materials needed to the components of the products

• Establish quality control measures and accountability

You have an idea for a new product. Market research suggests the product is needed to solve a problem and will be enthusiastically embraced by customers.

What is one of the first steps you must do before creating a product prototype?

• Identify materials

• Create a social media following

• Pre-sale the product for funding

• Launch a marketing campaign

You are a technical trainer. You teach online courses to help workers more efficiently use Microsoft Office applications.

What is an effective way to measure your teaching performance during an online course?

• Form a focus group

• Conduct onscreen pop-up quizzes

• Ask the sales team if demand increased

• Email an evaluation a week after the course

Which statement does not help define a Market/Fit Hypothesis?

• A rapid growth hypothesis ensures market/fit

• A fit exists when people need your product rather than just seeing a potential benefit of using it.

• Product/Market fit exists when you have the right solution to a problem worth solving.

• When users love your product so much they tell other people to use it

Which two ways can Customer Service and support affect sales? (Choose two)

• More sales through Customer Evangelists AND Coordinating Shipping

• More sales through Customer Evangelists AND Increased sales through Responsiveness and Personalization

• Closing the deal with rapid engagement AND Distributing marketing information