8-2 Pitch Deck Quiz Business U

What is the primary purpose of a pitch deck for entrepreneurs?

• To entertain investors

• To convince friends and family to join the business

• To showcase the business opportunity as appealing and investable

• To provide a detailed history of the company

What is the importance of the 'Competition' slide in a pitch deck?

• To list the company's achievements

• To identify the company's competitors

• To describe the company's logo

• To outline the company's history

What are the two main types of pitch decks?

• Live presentation and email version

• Video and audio versions

• Interactive and static versions

• Short and long versions

What is a key feature of the first type of pitch deck?

• More detailed slides

• More "white space" or fewer words

• More images

• More animations

How long should a pitch deck presentation ideally take?

• 5 minutes

• 10 minutes

• 15 minutes

• 30 minutes

What should you do if your pitch deck takes longer than 20 minutes?

• Add more slides

• Keep working on it

• Reduce the font size

• Skip some slides

What does a compelling case in a pitch deck include?

• Solving a problem, market size, and profitability

• Company history, product features, and team size

• Financial data, competitor analysis, and market trends

• Customer testimonials, product reviews, and awards

What is an example of a problem Airbnb identified with hotels?

• Hotels are disconnected from the city and its culture.

• Hotels are too expensive.

• Hotels lack privacy.

• Hotels have poor service.

What is a common practice of companies using the Outside-In approach?

• Ignoring customer feedback

• Conducting surveys to improve products

• Focusing solely on internal strengths

• Reducing product variety

What does the text imply about the future and customer needs?

• Companies should predict future needs without customer input

• Companies should wait for customers to express their needs

• Companies should try to see into the future before customers can

• Companies should ignore future trends