WorksheetsWinter School - starting quizz
Total questions: 9
Worksheet time: 6mins
How are you today?
Which of the following best defines innovation?
Creating an entirely new product that has never existed
Applying creative ideas to generate value
Copying existing ideas from competitors
Increasing production without changing the product
An entrepreneur is someone who…
Works in large corporations with high revenue
Avoids all risk in business
Identifies opportunities and creates value through new ventures
Focuses solely on academic research
A business model describes…
The company's employee hierarchy
The organizational mission statement
The production method of a single product
How a company creates, delivers, and captures value
What is a minimum viable product (MVP)?
The cheapest version of any product that can be bought by every customer
The fully polished version of a product ready for market
The version of a new product with just enough features to gather customer feedback
A prototype that cannot be tested by the company but not by users
Which of the following is a common characteristic of successful entrepreneurs?
High flexibility and adaptability
Fear of failure
Dependence on strict instructions
Avoidance of responsibility
Design thinking primarily focuses on…
Business profitability
Developing an attractive design that will appeal to most consumers
Increasing market competition
Understanding user needs and solving problems empathetically
The purpose of a pitch deck is to…
Present a business idea to investors or stakeholders
Teach employees company rules
Advertise products to customers
Invent new ideas
Which funding source involves giving up partial ownership of a start-up?
Bootstrapping
Grants
Venture capital
Bank loans
