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CH 5 Review - Entrep

Total сұрақ: 15

Worksheet time: 11mins

Аты
Сынып
Күн
1.

What is a "clear and concise description of a business opportunity"?

a)

Business Concept

b)

Business Venture

c)

Industry

d)

Business Plan

2.

Which are part of the 4 key elements of a business concept?

a)

Product/Service

b)

Customer

c)

Benefit

d)

Distribution

e)

Competition

3.

A person who pays for a product or service is a

(a)  

4.

Who is the typical customer of a toy train set?

a)

Children ages 5-12

b)

Teenagers ages (16-18)

c)

Parents of young children

5.

Students at a high school are too busy to eat lunch. What business helps to solve this problem?

a)

longer lunch periods

b)

A mobile snack cart in the school

c)

tee shirts with the school logo

d)

a coffee shop all the way across town only open in the morning

6.

Something that promotes or enhances the value of the product or service to the customer is

(a)  

7.

A group of businesses with a common interest is an

(a)  

8.

Taking something that already exists and turning it into a product that can be sold is

a)

Invention

b)

Creation

c)

Innovation

d)

Persuasion

9.

Which is NOT an example of an external influence?

a)

Social Changes

b)

The Product Being Offered

c)

Technological Changes

d)

Political and Legal Changes

e)

Economic Changes

10.

Things within a business that they have control over is what type of influence?

(a)  

11.

What are the 4 Key Elements of a Business Concept?

a)

Environment, Product/Service, Features, Industry

b)

Product/Service, Customer, Benefit, Delivery

c)

Customer, Shipping, Pro's, Con's

d)

Strengths, Weaknesses, Opportunities, Threats

12.

What is a distinctive aspect, quality, or characteristic?

a)

Innovation

b)

Industry

c)

Benefit

d)

Feature

13.

Businesses that sell the same products are what type of competitors?

(a)  

14.

Influences outside of the business that they do not have control over is

(a)  

15.

From the Shark Tank Video, What is Luna Magic?

a)

Decor

b)

Clothing

c)

Solar Lights

d)

Makeup