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?

Noda Pt.2

Quiz
•
Design
•
9th - 12th Grade
•
Hard
Gretel Serret
FREE Resource
34 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
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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