STEM: Business Incubator PRETEST

1. A working model to test the quality or effectiveness of a product or item is called a(n) _______. Your group will create one before making your final product.

• entrepreneur
• pitch
• prototype
• tagline

2. The act of calling public attention to a product or service is called ____. An example would be a commercial.

• marketing
• advertising
• actionable metrics
• iteration

3. A person who wants to solve a problem and who makes that solution into a viable business. After our projects this trimester, you will be considered one of these.

• entrepreneur
• employee
• prototype
• budget

4. This is a _____ for Nike.

• expense
• pitch
• tagline
• logo

5. Data and information from a marketplace that can be used to increase sales: ex: conversion rate, abandonment rate.

• actionable metrics
• entrepreneur
• product fulfillment
• marketing

6. Repeating an action to make something better and get closer to the final result. A prototype is one of these.

• iteration
• pitch
• profit
• logo

7. Expenses - Revenue = _________

• budget
• profit
• product fulfillment
• advertising

8. Money received from the sales of goods or services. What we will collect via Paypal from our website is our _____.

• profit
• budget
• revenue
• tagline

9. "Just do it!" "I'm lovin' it" : Each of these is a _____.

• budget
• actionable metrics
• resources
• tagline

10. Money set aside for a needed purpose

• budget
• revenue
• pitch
• profit