Business Plan Quiz

Business Plan Quiz

1st Grade

12 Qs

quiz-placeholder

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Business Plan Quiz

Business Plan Quiz

Assessment

Quiz

Business

1st Grade

Hard

Created by

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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