
Business Plan Quiz

Quiz
•
Business
•
1st Grade
•
Hard
Olushola Akeke
FREE Resource
12 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the primary purpose of a business plan?
To advertise products
To outline the goals, strategies, and operational framework of a business
To attract social media followers
To conduct employee performance reviews
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is a key component of a business plan?
Daily task list
Vacation schedule
Market Analysis
Employee birthday calendar
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does the Operational Plan section of a business plan describe?
Financial projections
Daily operations, supply chain, and logistics
Marketing campaigns
Leadership team structure
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the first step in planning customer research?
Conduct interviews
Analyze data
Define research goals
Launch new products
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
During a delay in customer research, what strategy can businesses use to stay engaged with customers?
Ignore feedback
Reduce social media presence
Maintain social media engagement
Stop email campaigns
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the formula for calculating Average Order Value (AOV)?
Total orders ÷ Revenue
Total revenue ÷ Number of orders
Number of customers ÷ Total revenue
Total revenue × Number of orders
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does Customer Lifetime Value (CLV) represent?
The cost of acquiring new customers
Total revenue expected from an average customer over the life of the relationship
Monthly profit margin
Number of product returns
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