Business Partner - B1+ - Unit 6.1

The new company is struggling to find enough funding to develop its product. What does the underlined word mean?

• Investing

• Financing

• Employing

• Equipping

The entrepreneur pitched her idea to a group of potential business angels. What does the underlined word mean?

• Presented
• Wrote
• Rejected
• Discussed

The target market for this fitness tracker is young adults who are interested in health and wellness. What does the underlined word mean?

• Manufacturing cost
• Ideal customer base
• Marketing strategy
• Retail price

Many small businesses go out of business within the first few years. What does the underlined word mean?

• Expand
• Close down
• Relocate
• Merge

The company needs to secure a new source of funding to continue operations. What does the underlined word mean?

• Location
• Product line
• Origin
• Management team

Crowdfunding allows entrepreneurs to raise money from a large number of people online. What does the underlined word mean?

• Borrowing from a bank
• Selling ownership in the company
• Raising small amounts from many people
• Getting a government grant

The launch of the new product was a huge success, with sales exceeding expectations. What does the underlined word mean?

• Development
• Introduction
• Testing
• Production

The company is working on ways to reduce waste in its production process. What does the underlined word mean?

• Time
• Unused materials
• Energy consumption
• Employee turnover

A strong supply chain is essential for ensuring that businesses can meet customer demand. What does the underlined word mean?

• Marketing strategy
• Network of suppliers and distributors
• Financial resources
• Customer service team

A business angel is a wealthy individual who invests in startup companies. What does the underlined word mean?

• Bank loan officer
• Venture capitalist firm
• Governmental grant provider

• Early stage investor