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Know Your Business

Total questions: 10

Worksheet time: 7mins

Name
Class
Date
1.

Select a legal and right way to make money in your Direct Selling Business

a)

Only recruiting/joining people.. More people >> More money

b)

Customers buying products from you and your partners in your team

c)

By bringing people to meetings and seminars

d)

By selling products either online e-commerce portals/apps or through small retail shops

2.

Select correct statement as per DSN Global 100 2020 results (Multiple correct answers)

a)

Amway stood worlds No.1 Direct Selling Business FIRST TIME in 2020 with market leading growth since 1959

b)

Amway is world's No.1 Direct Selling Business with highest global turnover of 4.8Bn USD

c)

Amway is world's No.1 Direct Selling Business with 8.4Bn USD globally

d)

The Rank-2 Direct selling company in the world is at 4.9Bn USD way below Amway at Rank-1

3.

Author Robert T. Kiyosaki explains how Network Marketing Business offers an opportunity to develop 8 valuable ASSETS. Which of the below is NOT one of those 8?

a)

Fully Paid International Trips

b)

Leadership skills

c)

Capacity to live Big dreams

d)

Duplicable and Scalable business

4.

At a 12% BFI level in my Amway business, what is the maximum limit of total BFI income that I can make

a)

Rs.12000

b)

Rs. 24000

c)

12% of my coach's income

d)

No Limit

5.

Select TRUE statements below (multiple correct answers)

a)

Depth of CONVICTION is BETTER THAN Height of KNOWLEDGE

b)

Height of KNOWLEDGE is BETTER THAN Depth of CONVICTION

c)

Knowledge on ICE is BETTER THAN Innocence on FIRE

d)

Innocence on FIRE is BETTER THAN Knowledge on ICE

6.

Income from Amway depends ONLY on the pin level. 15%er always makes more money than 12%er.

a)

True

b)

False

7.

Your network marketing business becomes legitimate because

a)

You sell products to verified customer and hence make money

b)

You are loyal to your company and use products

c)

You have submitted Aadhar card and Bank account number

d)

You have completed certification and became ADS

8.

Our Amway+BWW Business is said to be Business man's utopia - because, Multi crore business turnover happens with (Multiple correct answers)

a)

No account receivables, No debts, No big investments

b)

No employees, No infrastructure, No Manufacturing worries to IBO

c)

No Legal / HR / Finance / Research costs to IBO

d)

No Product Sales, No Skill training, No Leadership

9.

Direct selling in India is making a big impact in these areas below. (Multiple correct answers)

a)

Women Empowerment (potentially impacting 11 million)

b)

Manufacturing in India, Employment India (potential employment to 2.5 million people)

c)

Promotes Entrepreneurship, Start-up culture, Self employment (potentially impacting 18million people)

d)

Contribution to Exchequer (90 billion potential tax contribution to GoI)

10.

Select TRUE statements w.r.t "Handling objections" (Multiple correct answers)

a)

Your conviction and belief is more important than actually answering a question/objection

b)

Empathize with words like Feel, Felt, Found, Understand, Appreciate

c)

You must always check with your coach before answering any objection from candidate

d)

An Objection means 'NO' or 'NOT INTERESTED' and You should say NEXT and talk to next person with positive attitude