Business Idea Generation Quiz

Business Idea Generation Quiz

1st Grade

25 Qs

quiz-placeholder

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Business Idea Generation Quiz

Business Idea Generation Quiz

Assessment

Quiz

Business

1st Grade

Practice Problem

Hard

Created by

maithili puvisha

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25 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the first step in business idea generation?

Conducting a financial analysis

Identifying customer needs

Hiring employees

Writing a business report

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following can be a source of business ideas?

Market research

Brainstorming sessions

Customer feedback

All of the above

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Idea generation in entrepreneurship is best described as:

A one-time event

A continuous creative process

A random occurrence

An administrative task

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which tool is commonly used for generating business ideas?

SWOT Analysis

Benchmarking

Brainstorming

Balance Sheet

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Innovation can be described as:

Copying an existing idea

Improving and implementing new ideas

Ignoring customer needs

Avoiding risks

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Business opportunity identification primarily depends on:

Market demand

Available capital

Number of employees

Government regulations

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A business opportunity should be:

Costly and risky

Profitable and sustainable

Time-consuming and complex

Difficult to understand

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