E4 S8 BTP

E4 S8 BTP

University

30 Qs

quiz-placeholder

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E4 S8 BTP

E4 S8 BTP

Assessment

Quiz

World Languages

University

Hard

Created by

Leo Andrews

Used 2+ times

FREE Resource

30 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

What is the definition of a UVP?

The legal protection granted to a business idea

The financial goals and objectives of a business

The process of distributing products to customers

The unique benefit or advantage offered by a product or service

2.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

What is the purpose of a balance sheet in a business plan?

To outline the marketing strategies of the business

To project future revenue and expenses

To summarize the financial position of the business at a specific point in time

To determine the target market for the business

3.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

What is the definition of gross profit in financial terms?

The total revenue generated by a business

The total expenses incurred by a business

The profit after deducting all operating expenses

The profit before deducting the cost of goods sold

4.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

What does the term "cash flow" refer to in financial terms?

The revenue generated from sales

The total assets of a business

The movement of money in and out of a business

The expenses incurred by a business

5.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

What is the significance of a break-even analysis in financial planning?

It helps determine the target market for a business

It identifies the competitors in the industry

It calculates the point at which a business becomes profitable

It assesses the operational efficiency of a business

6.

MULTIPLE SELECT QUESTION

20 sec • 1 pt

Which sentences contain an error in the use of comparative adjectives in a business plan context?

Our company offers more competetive prices than our competitors

Our company offers most competetive prices than our competitors

Our company offers very competetive prices than our competitors

Our company offers competetive prices compared to our competitors

7.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Which question would not be appropriate to ask yourself when preparing the target market section of your marketing plan?

Where do they live?

What are the local and/or national trends in your industry?

Is the market stable, growing or shrinking.?

How much do your competitors charge?

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