BootCamp2_2023_2024

An employee who receives payment after completing a sale​ (a)  

An employee who receives a set amount for each unit created​ (b)  

An employee who receives overtime pay for working extra time ​ (c)  

An employee who receives a set wage each week without overtime pay for extra time ​ (d)  

• Commission
• Piece Work
• Hourly
• Salary

You need to implement the steps in the design thinking process, Move all the steps to the steps to the answer are and place them in the correct order

Prototype, Define, Empathize, Ideate, Test

• Prototype

• Test

• Empathize

• Ideate

• Define

A sales presentation aims to obtain a sale ​ (a)  

Prospecting is following up with customers ​ (b)  

Overcoming customers objections occurs before the sales presentation ​ (c)  

• True
• False

Improving economy​ (a)  

Lack of expertise in some areas ​ (b)  

Low overhead cost ​ (c)  

Rising cost of product parts ​ (d)  

• Opportunities
• Strengths
• Weaknesses
• Threats

This segment describes statistical information about customers ​ (a)  

This segment describes where customers are located and how they can be reached ​ (b)  

This segment describes what customers think about and value and how they live their lives ​ (c)  

This segment describes the benefits to customers based on their wants or needs ​ (d)  

• Demographics
• Behavioral
• Geographic
• Psychographic

You own an ice cream and donut shop. You have a short list of competitors

Classify each business as DIRECT or INDIRECT COMPETITION

Bakery ​ (a)  

Coffee Shop ​ (b)  

Grocery Store ​ (c)  

Fast Food restaurant ​ (d)  

• Direct
• Indirect

For each statement about the requirements for obtaining funding, select True or False

Business longevity increases potential funding opportunities ​ (a)  

Lenders require business owners to identify the purpose of the loan ​ (b)  

The business owner's personal credit score does not affect their ability to qualify for a loan ​ (c)  

• True
• False

You need to determine what is necessary for securing funds from an investor

For each item, select TRUE if necessary for securing investor funds or FALSE if it is not

A demonstration of product market fit ​ (a)  

Financial data about profits, expenses, and financial projections ​ (b)  

A good explanation of your team's knowledge, skills and abilities ​ (c)  

A plan detailing how you will use funds to grow or improve your operations ​ (d)  

• True
• False

For each statement about business plans and pitch decks, select TRUE or FALSE

Start-up companies use business plans to inform potential investors ​ (a)  

Business plans are written documents outlining a company's objectives and goals ​ (b)  

A pitch deck is a short presentation for clients or investors that provides an overview of your business plan ​ (c)  

• True
• False

You need to classify each business as Product-Based or Service-Based

Hair Salon ​ ​ (a)  

Fruit Stand ​ (b)  

Grocery Store ​ (c)  

Group Fitness classes ​ (d)  

• Product-based
• Service-based