Elevator Pitch Quiz

What is an elevator pitch?

• A 5-minute detailed business presentation

• A quick, engaging summary of a business idea

• A financial breakdown for investors

• A legal business document

Which of the following is NOT a key component of an elevator pitch?

• The problem your business solves

• Detailed financial statements

• Your product/service and how it benefits customers

• Your competitive advantage

Why is it important to tailor your pitch to your audience?

• Different investors prioritize different aspects of a business

• You should always present your pitch in the same way

• Investors only care about product features, not the business model

• It makes the pitch longer and more complex

Which of these should be included in a pitch deck?

• Problem and solution

• Target market and customer acquisition costs

• Revenue streams and funding needs

• All of the above

What is the main purpose of a pitch?

• To convince investors to fund your business

• To provide a full, detailed business plan

• To sell your product directly to customers

• To discuss legal business structures

What makes a pitch compelling?

• Using industry jargon to sound professional

• Keeping it clear, concise, and engaging

• Providing unnecessary details to show knowledge

• Making it as long as possible

Which element is crucial in gaining investor confidence?

• Enthusiasm and clear communication

• Having a long and complex pitch deck

• Avoiding financial projections

• Focusing only on product details

What should an entrepreneur emphasize in their pitch?

• Why the product/service is unique

• The market demand and scalability

• How investors will get a return on investment

• All of the above

What is the primary function of a “Call to Action” in an elevator pitch?

• To summarize the business idea

• To ask for a next step (meeting, investment, or connection)

• To explain customer demographics

• To discuss marketing strategies

What should you do after delivering your pitch to a classmate?

• Ignore feedback and move on

• Ask for constructive feedback and refine your pitch

• Change the entire business idea

• Assume your pitch is already perfect