Understanding Business Basics Quiz

Imagine Rose, Artis, and Vinicius are starting a new business together. What magical document do they need to create to outline their business's goals and the path to achieve them?

• A type of plant that grows in offices

• A document that describes a business's goals and how to achieve them

• A map showing the location of all businesses in a town

• A list of all the employees in a company

Hey there, budding entrepreneurs! Imagine you're crafting the ultimate marketing strategy for your business. Which of the following elements should be at the top of your list to consider? (Hint: Artis and Rose might have some thoughts on this!)

• Price

• Weather

• Height

• Colour

Imagine you're an entrepreneur like Artis or Noreen, ready to launch your dream business! How do you figure out the perfect products or services to offer?

• A study of the weather patterns in a market

• A way to find out what customers want and need

• A method to grow vegetables in a market

• A type of exercise done in a market

Hey there, future business moguls! Imagine you're in a fun marketing class with Nagina, Vinicius, and Artis. Can you spot which of these is NOT part of the classic marketing mix?

• Product

• Promotion

• Place

• Playground

Imagine you're an entrepreneur like Adnan, Noreen, or Vinicius. Why is having a business plan your secret weapon?

• It helps an entrepreneur know where to build new roads

• It helps an entrepreneur understand their goals and how to reach them

• It helps an entrepreneur decide what colour to paint their office walls

• It helps an entrepreneur choose the best type of cheese for their meetings

Imagine you're an entrepreneur like Adnan, trying to make the best business decisions. How can market research be your secret weapon?

• Find the best place to build a new park

• Understand what customers like and dislike

• Decide what time to have lunch

• Choose the best type of music for a party

Imagine you're an entrepreneur like Nagina, ready to launch a dazzling new product. Which of these elements should you focus on to make your marketing strategy shine?

• Promotion

• Temperature

• Distance

• Weight

Imagine you're an entrepreneur like Nagina, Artis, or Vinicius, ready to launch your dream business. What's one crucial element you must include in your business plan to ensure success?

• A list of all the animals in a zoo

• A description of the business's products or services

• A recipe for making a cake

• A map of the stars

Imagine you're an entrepreneur like Uzair or Rose, eager to launch your dream business. How can you gather valuable insights about your market?

• By asking people questions

• By watching the clouds

• By counting the number of trees

• By measuring the length of a river

Artis and Noreen are brainstorming for their new business venture. Which of these quirky elements would NOT typically find its way into their business plan?

• Financial projections

• Marketing strategies

• Favourite ice cream flavours

• Business goals