Chapter 10 Review
Quiz
•
Business
•
Professional Development
•
Practice Problem
•
Easy
Charles Griffin
Used 8+ times
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10 questions
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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
Draw Conclusions
Determine methods and sources
Analyze data
Identify research objectives
Collect Data
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Market research is an ongoing process.
True
False
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