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WorksheetsBUSINESS DEVELOPMENT
Total questions: 20
Worksheet time: 5mins
_____________ can include many objectives, such as sales growth, business expansion, the formation of strategic partnerships, and increased profitability.
Business Development
Entrepreneurial Growth
Project development
Project feasibility
2. _________ refers to the process of creating a new enterprise and bearing any of its risks, with the view of making the profit.
Business
Partner
Entrepreneurship
All of the above
3. what are the characteristics a business development executive should possess?
Capability to reach deadlines
time-management skills
creative thinking & problem solving
All of the above
4. Which is a characteristic of a successful entrepreneur? (You can check more than one answer for this Question)
Motivated
Takes very little risk
Hard-working
Passionate
5. What is a disadvantage of being an entrepreneur?
Your work schedule is always predictable
You do not always receive a regular paycheck
You have a more flexible schedule
You have more control over your work
6. Elon Musk is one of the greatest innovators in the last 30 years. He co-founded ________
Co-founded Amazon
Co-founded Facebook
Co-founded Google
Co-founded PayPal
7. What is the purpose of a business plan?
States the purpose and vision of your company
Legal document to be filed with the SEC
To document your financial activity during one year
States the amount of capital you need to run the company
8. Why do you need a business plan? (You can check more than one question for this question)
To raise capital
It is required by law
Gives an objective look at what you are doing and why
Gets everyone involved to focus on the same goals
9. Which is a way to advertise your business or product?
Support Media
Product Placement
Broadcast Media
The Internet
10. Which is NOT one of the reasons startups typically fail?
Market demand
Poor marketing
Run out of cash
No business model
11. The process of creating something new that makes life better is called
Innovation
Technology
Brand recognition
Opportunity cost
12. Which is NOT part of the procedure of developing an advertising campaign?
Define your market
Establish your budget
Create an advertising strategy
Prototype your product
13. Who can be an entrepreneur?
wealthy people
educated people
People below the age of 40
Anyone
Which characteristic is not reflective of a successful entrepreneur?
Passion
Hard working
Creative
Self conscious
15. Who is this entrepreneur?
Indra Nooyi
Vandana Luthra
Ritu Kumar
Priya Paul
16. Entrepreneurs are motivated most by the need to:
Achieve a goal of greater personal importance
Gain control over authority
Earn money and gain financial security
All of the above
17. An entrepreneur must know
Only the parts of the business they like
No parts of the business management
Few parts of business
all parts of business: finance, marketing, etc.
18. The foremost function of an entrepreneur
Organizing
Planning
Innovation
Risk
19. Every project has ___________ attributes
3
4
5
2
20. ________ is a step-by-step investigation of resources and development of project idea for achieving the objective of taking an investment decision.
Project feasibility
Project Assessment
Project formulation
Business plan
