IT Startups Quiz

What is the primary focus of an IT startup?

• Retail sales

• Manufacturing physical goods

• Real estate development

• Technology-driven solutions

Which company was founded by Mark Zuckerberg?

• Flipkart

• HealthTech Solutions

• Facebook (Meta)

• Zomato

What was the original idea behind Zomato?

• E-commerce platform

• Online restaurant discovery and food delivery

• Social networking site

• Cloud-based invoicing system

What is a common revenue model for IT startups?

• One-time purchase

• Monthly subscription fee

• Freemium model only

• Commission-based sales

What is the valuation of Flipkart?

• $37+ billion

• $14+ billion

• $50 million

• $900+ billion

What is a key component of a business plan for a startup?

• Office Location

• Employee Satisfaction

• Product Design

• Market Analysis

What is the goal of a Minimum Viable Product (MVP)?

• To hire a large team quickly

• To test the market with basic features

• To maximize profits immediately

• To launch a fully developed product

What is a competitive advantage mentioned in the text?

• High employee turnover

• Innovation in technology

• Limited product offerings

• High operational costs

What is the mission statement of a startup focused on e-commerce?

• To become the largest tech company

• To eliminate competition in the market

• To simplify e-commerce for small businesses

• To develop the most expensive software

What type of solutions do startups need to define clearly?

• Products or services

• Office locations

• Marketing strategies

• Employee roles