WorksheetsEntrepreneurship and Starting Your Own Business
Total questions: 10
Worksheet time: 5mins
Which quality helps entrepreneurs recover after setbacks or failures?
Resilience
Adaptability
Problem-solving
Creativity
Which training path combines starting a business while taking courses to fill knowledge gaps?
Self-Taught Path
Formal Education Path
Professional Path
Blended Path
What is the first stage in the business strategy cycle?
Fund Your Business
Business Planning
Idea Generation
Market Research
Which is an example of a cash flow issue that may impact entrepreneurs?
Competitor opening nearby
Too many customer returns
Seasonal income drop
Poor social media ads
What do most successful entrepreneurs invest in over time?
Expensive marketing
Ongoing learning
Buying competitors
High-end office space
If you launch a tutoring service, what's the best example of market research?
Guessing what subjects students most need help in
Asking friends’ opinions what you’re good at
Surveying local students/parents on what subject they would pay for
Setting prices before research
A bakery is losing customers to a new shop. Which response shows resilience?
Closing immediately
Lowering all prices
Adding new seasonal items
Ignoring customer feedback
A student wants to sell handmade jewelry. What's the best first step?
Buy supplies in bulk
Research popular customer styles
Launch online store
Create social media page
What is the best example of using problem-solving skills?
Raising prices without reason
Avoiding customer calls
Selling products without advertising
Creating a plan to fix late deliveries
What is the main goal of market research?
Create a business logo
Find out about your target customers
Design your storefront
Buy inventory
