Noda Pt.2

Noda Pt.2

9th - 12th Grade

34 Qs

quiz-placeholder

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Noda Pt.2

Noda Pt.2

Assessment

Quiz

Design

9th - 12th Grade

Hard

Created by

Gretel Serret

FREE Resource

34 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

You decide to create a new type of energy bar. You take samples to a focus group to get their reaction to your product. Which stage of the development process are you in?

Concept development

Idea generation

Market strategy creation

Product development

2.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

Which two actions help start-up companies achieve product/market fit?

Identifying underserved customer needs

Testing the minimum viable product prototype with customers

Hiring additional staff to handle exponential growth

Determining the primary competition

3.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

You want to buy a gift shop in a popular location within a large town. Which three factors

will help you determine if the business opportunity is viable?

Market size

b. Financing requirements

Current Inventory

e. Shop’s floorplan

Revenues and cost

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the benefit of being an entrepreneur?

Predictable job description

Consistent 40-hour work weeks

Limitless income potential

Paid sick time and health insurance

5.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

You recently opened a food truck business. Which of the following is a start-up cost?

Gasoline

Cooking utensils

Business license

Truck lease payments

6.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

You recently opened a food truck business. Which of the following is an operating cost?

a. Gasoline

Cooking utensils

Business license

Truck lease payments

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the first step in forming a product/ market fit in the hypothesis?

Establish a distribution system

Determine who the competition is

Create a prototype

Determine who the target customer is

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