Entrepreneurship Basics Quiz

Quiz
•
Business
•
9th Grade
•
Hard

Natalie Lozada
Used 2+ times
FREE Resource
16 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the primary goal of a business plan?
To outline the company's mission and vision
To provide a detailed financial forecast
To attract potential investors
To serve as a roadmap for business operations
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is considered a form of intellectual property?
A company's annual report
A trademark
A business license
A marketing strategy
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the purpose of market research in entrepreneurship?
To determine the cost of production
To understand customer needs and preferences
To calculate profit margins
To develop a business logo
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is a key element of a successful marketing process?
Identifying target customers
Reducing production costs
Increasing employee salaries
Expanding office space
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a Minimum Viable Product (MVP)?
A product with the most features possible
A product that is fully developed and ready for market
A product with just enough features to satisfy early customers
A product that has been in the market for over a year
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is a common sales channel strategy?
Direct selling
Increasing product prices
Hiring more employees
Reducing marketing budget
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the primary function of a supply chain?
To manage employee relations
To oversee financial transactions
To ensure the flow of goods from production to consumer
To develop new marketing strategies
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