Chapter 7 Entrepreneurship Quiz

A(n) ________ is a formal presentation that you typically deliver to potential investors.

• narrative
• pitch
• value proposition
• ideation

LinkedIn’s website (https://about.linkedin.com/) states, “Create economic opportunity for every member of the global workforce.” This statement is an example of a ________.

• mission statement
• value proposition
• vision statement
• goal statement

Nordstrom’s website states, “To give customers the most compelling shopping experience possible.” This statement is an example of a ________.

• mission statement
• value proposition
• vision statement
• goal statement

How is SMART goal setting a tactic for getting things done?

• You can set up several attainable goals over a period of time to build a more complex plan.
• The SMART goals are arranged in order of likelihood of success or failure.
• The concept aligns with the required components of a business plan.
• The goals start over with the most complex and are broken down into smaller parts.

Which of the following is the story of the business?

• corporate narrative
• mission
• pitch
• SMART goal

Which of the following is your pitch audience when the major outcome you are seeking is to network and inform?

• early investors
• family/friends
• trade group
• competition judges

The pitch deck should be sent beforehand when pitching to ________.

• competition judges

• early investors

• employees

• trade groups

The primary purpose of the pitch is to ________.

• advertise new products

• ask for something

• find employees

• inform customers

A(n) ________ is typically less than 5 minutes.

• elevator pitch

• grant pitch

• investor pitch

• trade pitch

The ________ is the presentation to accompany your pitch to persuade the audience to take action.

• ask pitch

• elevator pitch

• pitch deck

• pitch file