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Worksheetsentreprenership and business
Total questions: 51
Worksheet time: 39mins
Your business plan should never list any risks or potential problems.
True
False
Which of the following is not a purpose of a business plan?
It includes sales goals for at least 10-12 years into the future.
It set specific business objectives.
It explains the idea behind the business.
It describes the backgrounds and experience of the business's leadership team.
Which of the following would not be considered a risk to a business?
Customer slipping on ice in your parking lot.
An employee stealing your inventory.
Customer posting negative thing about your business.
Hiring new employees.
Which of the following would be considered possible revenue for an ice cream store?
Ice cream sales.
Birthday parties.
Bikes sold.
Fizzy drinks and water.
Which of the following would be considered a cost to a business?
Rent
Equipment Sales
Government Grant
None of the above
The purpose of a business plan is to:
Give you business ideas.
Guarantee that you will get capital from investors.
Help you hire employees.
Describe the intent or purpose of a new business idea.
Complete the sentence: A business plan...
is useful once your business is operational but not much help during the startup phase
is not usually needed once the business is up and running
can serve as a tool for helping a business during the startup phase and for managing your business once it is up and running.
What is BMC?
Business Modal Canva
Business Management Collection
Business Model Canvas
Business Management Canvas
What is the meaning of VALUE PROPOSITION in BMC?
value that meet the customer satisfaction
servis after sales
the way we interact with the customer
generate revenue from each customer
What does BMC do?
BMC is a tool for beginners
BMC is used to build a business map
BMC helps us to build a strategic management and lean startup template for developing new or documenting existing business models
BMC is needed before start a business
Customer segments refer to the target people and/or organizations you are offering value proposition
true
false
Value proposition is provided through various elements such as newness, performance, customization, reliability in ‘getting the job done’, design, brand, price, cost reduction, risk reduction, accessibility, and convenience.
true
false
Facebook marketplace is one of the example of chanelling a product online. Effective channels will distribute a company’s value proposition in ways that are fast, efficient and cost-effective. TRUE or FALSE
true
false
KEY ACTIVITIES are activities that a company must do in order to make its business model work
true
false
COST STRUCTURE represent the cash a company generates from each customer/product segment.
true
false
What are the "channels" in a business model canvas?
Who your customers are
Where you sell your products/services
How you want to sell your product
What is the best offer given
What does "Unique Value Proposition" mean?
Product description
The benefit or the added value for a product
Proposal given to the customer
Product market place
Define the word "revenue"
profit
money coming in
cost
budget
The online marketplace website goes in what section of the Business Model Canvas?
customer relationship
channels
customer segment
revenue
"The product will be sold for $10" goes in what section of the BMC?
channel
customer segment
revenue streams
unique value proposition
Teenagers ages 16-18 and teachers is an example of what section of the BMC?
channels
customer solution
customer segment
customer problems
This product is compact and an all in one that is easy to use; this is an example of what section of the BMC?
unique value proposition
customer segment
customer problems
customer relationship
These are all types of revenue streams, EXCEPT:
asset sales
renting
value
usage fee
The network of suppliers and partners who complement each other in helping the company create its value proposition are called:
customer segments
key partners
key resources
channel
What is another word for costs?
Revenue
Expenses
Budget
Posters, social media, commercials are all examples of:
Customer Relationships
Revenue Streams
Key Metrics
Unique Value Proposition
The money spent on the materials to make your products are known as:
Profit
Expenses
Budget
The list of questions that you created to ask future customers for replies and analyzed for usable information is known as:
Questionnaire
Survey
Customer Feedback Survey
The person who provides money to start-up the business with the expectation of a future financial return is known as a(n):
Investor
Rich person
Bank
Loan
When is it necessary to do a business plan?
(a)
The roll of a business model is to (a)
Reduces creativity and it's very structured are some (a) of a business plan
To create an effective strategy for growth and to determine your future financial needs are two objectives for writing a (a)
What is a business plan?
Written document that only outlines the business practices of the new business.
Written document that describes the financial aspects of the business.
Written document that only describes the ownership of the business.
Written document that describes all the steps necessary for opening and operating a successful business.
What is a Business Model?
A paper model of your business.
A story of how your enterprise will create, deliver, and capture value.
A model made out of bricks
None of the above.
