Photography Business Quiz

What is the main advantage of a sole proprietorship?

• Shared responsibilities

• Full control and easy setup

• Limited liability

• High start-up costs

What is a key disadvantage of a partnership business?

• One owner makes all decisions

• Increased legal protection

• Potential conflicts between partners

• Difficult tax structure

What business structure provides the most legal protection?

• Sole Proprietorship

• Partnership

• LLC

• Corporation

Why is financial knowledge important for photographers?

• It helps photographers improve their photography skills

• It ensures they can charge the lowest possible prices

• It helps them budget, price correctly, and manage profits

• It is not important in photography

Which pricing strategy ensures that all expenses are covered?

• Value-Based Pricing

• Cost-Based Pricing

• Bulk Pricing

• Hourly Pricing

What is a major downside of cost-based pricing?

• It doesn’t ensure profit

• It doesn’t consider client demand or perceived value

• It leads to overcharging customers

• It only applies to wedding photography

What pricing method is best for luxury photographers with strong branding?

• Cost-Based Pricing

• Value-Based Pricing

• Hourly Pricing

• Discount Pricing

Why is a contract important in a photography business?

• It makes photoshoots faster

• It prevents disagreements and ensures clear expectations

• It eliminates the need for marketing

• It allows clients to set their own prices

If a photographer does not register their copyright, what happens?

• They lose all rights to their images

• They cannot take legal action for copyright infringement

• They still own the images and can enforce their rights

• Their images become public domain

What does liability insurance cover for photographers?

• Lost or stolen cameras

• Personal injury claims from clients

• Low-paying clients

• Social media promotions