Liam, Rohan, and Benjamin are preparing to present their startup idea on Shark Tank. What should be their first step?
Shark Tank Preparation Quiz

Quiz
•
Business
•
12th Grade
•
Easy
Chad Poole
Used 2+ times
FREE Resource
10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Thoroughly research the show and understand successful pitches
Practice the pitch in front of a mirror
Answer explanation
Thoroughly researching the show and understanding successful pitches is the first step for Liam, Rohan, and Benjamin to present their startup idea on Shark Tank.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Before pitching their startup idea to Mark Cuban and Mr. Wonderful on the show 'Shark Tank', why did David, Noah, and Evelyn research the backgrounds of these renowned entrepreneurs?
To understand the entrepreneurs' expertise and interests
To find out their favorite color
Answer explanation
David, Noah, and Evelyn researched the backgrounds of Mark Cuban and Mr. Wonderful to understand their expertise and interests, which is crucial before pitching their startup idea on 'Shark Tank'.
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
James, Abigail, and Aiden are preparing for a product demonstration on Shark Tank. What are some key elements they should focus on to create a compelling demonstration?
Showcasing the problem their product solves, highlighting the unique features and benefits, demonstrating market demand, and presenting a strong and confident pitch.
Not providing any evidence of market demand
Focusing on the product's flaws and limitations
Talking about unrelated personal experiences
Answer explanation
To create a compelling demonstration, James, Abigail, and Aiden should focus on showcasing the problem their product solves, highlighting unique features and benefits, demonstrating market demand, and presenting a strong and confident pitch.
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Avery, Samuel, and Mia are preparing to pitch their startup idea on Shark Tank. What approach should they take to effectively negotiate a deal with the Sharks?
By being well-prepared, knowing their numbers, demonstrating passion and confidence, and being open to feedback and compromise.
By being unprepared and not knowing their numbers
Answer explanation
To effectively negotiate a deal with the Sharks on Shark Tank, Avery, Samuel, and Mia should be well-prepared, know their numbers, demonstrate passion and confidence, and be open to feedback and compromise.
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
David, Abigail, and Priya are preparing to pitch their startup idea on Shark Tank. What common mistake should they avoid to increase their chances of success?
Being too prepared and rehearsed
Not knowing their numbers or not being able to clearly communicate their business model
Answer explanation
To increase their chances of success, David, Abigail, and Priya should avoid not knowing their numbers or not being able to clearly communicate their business model.
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Noah, Aiden, and Abigail are preparing for a school event where they have to present a business idea, similar to Shark Tank. What is the recommended length for their pitch?
2 minutes
10 minutes
30 seconds
5 minutes
Answer explanation
The recommended length for their pitch is 2 minutes.
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
David, Grace, and Benjamin are planning to pitch their startup on Shark Tank. Why is it important for them to know the valuation of their company before going on the show?
To negotiate a fair deal with the sharks and avoid undervaluing or overvaluing their startup.
To make their startup seem more successful than it actually is
Answer explanation
Knowing the valuation helps negotiate a fair deal, avoiding undervaluing or overvaluing the startup. It ensures a successful pitch on Shark Tank.
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