Startup Recap Quiz

What is the main purpose of market research for a startup?

• To choose a company name

• To understand customer needs and market conditions

• To design a logo

• To hire employees

Which of the following is a qualitative market research technique?

• Surveys

• Focus Groups

• Sales Data Analysis

• Website Analytics

What is the first step in conducting market research?

• Designing a logo

• Identifying the target market

• Hiring employees

• Setting up a social media account

Which of the following is a primary data collection method in market research?

• Internet Research

• Surveys

• Industry Reports

• Competitor Analysis

What is the main legal requirement for starting a business in most countries?

• Hiring a lawyer

• Registering the business

• Creating a website

• Opening a bank account

Which document is essential for protecting intellectual property in a startup?

• Business License

• Patent

• Employee Handbook

• Marketing Plan

Which of the following is a legal requirement for hiring employees in a startup?

• Providing free lunch

• Offering stock options

• Complying with labor laws

• Setting up a company blog

Which legal structure is most suitable for a startup that wants to limit personal liability?

• Sole Proprietorship

• Partnership

• Corporation

• Cooperative

Which of the following is a method to manage risk in a startup?

• Ignoring potential problems

• Diversifying products and services

• Reducing marketing efforts

• Increasing prices

What is a common risk management strategy for startups?

• Ignoring competition

• Creating a contingency plan

• Reducing product quality

• Limiting customer feedback