Seed Stage in Business Life Cycle

Seed Stage in Business Life Cycle

11th Grade

64 Qs

quiz-placeholder

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Seed Stage in Business Life Cycle

Seed Stage in Business Life Cycle

Assessment

Quiz

Business

11th Grade

Medium

Created by

Asher Akuma

Used 1+ times

FREE Resource

64 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the seed stage in the business life cycle?

The stage where the business starts to make a profit.

The very beginning of the business life cycle, when the business is just a thought or an idea.

The stage where the business expands into new markets.

The stage where the business is sold or transferred to new owners.

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What activities typically occur during the seed stage of a business?

The business is formally established and begins operations.

Initial testing, research into the industry, and feedback from friends, family, or other industry specialists help to develop and refine the idea.

The business develops its initial marketing strategy and sales channels.

The business secures its first round of major funding from venture capitalists.

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is determined during the seed stage of a business idea?

The final product design and pricing.

The target customer demographics and preferences.

The viability of the business idea.

The total market size and potential revenue.

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Who are identified and engaged during the seed stage of a business?

Potential investors and venture capitalists.

Competitors and regulatory agencies.

Key stakeholders.

Customers and suppliers.

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What happens once the viability of a business idea is established in the start-up stage?

The business discontinues its operations.

The business idea is abandoned.

A clear business plan is developed and a legal structure is put in place.

The business reduces its product or service offerings.

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is developed into products or services that the business is ready to market and sell during the start-up stage?

The business structure

The marketing strategy

The business idea

The customer feedback

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

During the start-up stage, how might a business adjust its idea?

By ignoring feedback and focusing on initial plans

In response to feedback to meet the expectations of key stakeholders

By following a predetermined path without changes

By ceasing to take into account the needs of the market

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