Chapter 10 Review

Chapter 10 Review

Professional Development

10 Qs

quiz-placeholder

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Chapter 10 Review

Chapter 10 Review

Assessment

Quiz

Business

Professional Development

Practice Problem

Easy

Created by

Charles Griffin

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10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Process of ongoing market research and data analysis to prove a business idea is truly a business opportunity.

ideation

viability

business model validation

lean start-up

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A question about a prospective business opportunity that

provides guidance to market research done for the business.

research objective

research cycle

lean start-up

business model validation

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A six step process that entrepreneurs used to answer a question about their business through gathering and analyzing data.

business model validation

lean startup

minimum viable product

research cycle

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A prototype or first attempt at bringing a product or service to market quickly and cheaply that the entrepreneur tries to sell to get feedback from potential

customers.

lean startup

minimum viable product

business model validation

ideation

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A shorter version of a business plan that allows the business to enter the market as soon as possible with very limited resources and using ongoing research to fine tune the business as it grows.

business plan

lean startup canvas

prototype

minimum viable product

6.

REORDER QUESTION

1 min • 1 pt

Reorder the following parts of the Research Cycle

Collect Data

Determine methods and sources

Draw Conclusions

Identify research objectives

Analyze data

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Market research is an ongoing process.

True

False

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