WorksheetsWEEK 6 – Business, Pitching & Product Transfer
Total questions: 15
Worksheet time: 8mins
What is the definition of a "Startup"?
A large company with many employees
A new business built around an idea
A government organization
A type of investment
Which term refers to the money earned from sales?
Cost
Revenue
Funding
Risk
Who is an "Investor"?
Someone who buys products
Someone who provides money to support a product or company
Someone who manufactures goods
Someone who manages employees
What does "Patent" provide?
Money for a business
Legal protection for an invention
Permission to use a product
A plan to achieve goals
Which term describes the process of producing goods in large amounts?
Distribution
Manufacturing
Licensing
Strategy
What is the main purpose of a "Pitch Deck"?
To manufacture products
To explain a product or business
To distribute goods
To provide legal protection
If a company wants to get its products to customers, which process is most relevant?
Manufacturing
Distribution
Licensing
Funding
A business wants to use someone else’s invention legally. Which term applies?
Patent
Licensing
Stakeholder
Competition
If a company is planning how to achieve its goals, what is it developing?
Strategy
Cost
Market
Revenue
A group of people who might buy a product is called the:
Stakeholder
Market
Investor
Manufacturer
Which of the following best describes a stakeholder in a business?
Only the company owner
Anyone affected by a product or business
Only the customers
Only the investors
A company is considering launching a new product. What should it analyze to understand who might buy it?
The cost of production
The market
The patent laws
The manufacturing process
If a startup wants to minimize the chance of failure or loss, what should it focus on?
Increasing risk
Reducing risk
Ignoring competition
Avoiding strategy
A business is facing strong competition. What strategic action could it take to stand out?
Ignore competitors
Develop a unique product feature
Increase costs
Stop manufacturing
A company needs money to develop a new product. What should it seek?
Distribution
Funding
Licensing
Patent
