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Seed Stage - Business Lifecycle

Authored by Jessica Marlow

Business

11th Grade

Used 31+ times

Seed Stage - Business Lifecycle
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16 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is one of the initial steps in the business life cycle?

Selling products

Starting to think about a business idea/concept

Hiring employees

Expanding internationally

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is a challenge in the seed stage of a business?

Finding a business mentor

Gaining community and market acceptance

Writing a business plan

Exploring revenue sources

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a strategy to address challenges in human resource management?

Develop a marketing plan

Build knowledge about the Fair Work Act 2009

Calculate costs for starting a business

Meet licensing obligations

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which website provides helpful information about starting a business in Queensland?

Business Australia

Business Queensland

Business Victoria

Business New South Wales

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is one of the characteristics of the business life cycle?

Calculating costs to start a business

Exploring the financial viability of the business idea/concept

Accessing working capital

Undertaking a market analysis

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a financial management strategy mentioned in the document?

Develop a marketing plan

Review financial plan annually

Meet licensing obligations

Gain market acceptance

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is a challenge related to financial costs in the seed stage?

Finding a business mentor

Accessing legal and accounting experts

Writing a business plan

Determining legal business structure

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