Launching a website is the first step when starting an online business.

• True

• False

A key advantage of online businesses is their guaranteed success

• True

• False

Developing a mobile app requires franchising rights.

• True

• False

Mobile apps generate revenue only through free downloads

• True

• False

Choosing a domain name is more important than identifying a target market.

• True

• False

Which platform is commonly used to distribute mobile apps?

• Amazon

• eBay

• App Store or Google Play

• Shopify

What is the first step in starting an online business?

• Identifying a market niche

• Writing a business plan

• Choosing a domain name

• Identifying a potential customers

Which of the following is an essential skill for developing a mobile app?

• Strong coding skills or access to developers

• Franchising rights

• A physical storefront

• Large upfront investments

What is a common challenge for social entrepreneurs?

• Accessing affordable technology

• Understanding customer feedback

• Balancing financial goals with social missions

• Hiring employees

Which of the following combines social impact with sustainable business practices?

• Social enterprises

• Charitable donations

• Non-profit organizations

• Government agencies