Entrepreneurship, Business Planning & Financial Literacy Quiz

Entrepreneurship, Business Planning & Financial Literacy Quiz

9th Grade

57 Qs

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Entrepreneurship, Business Planning & Financial Literacy Quiz

Entrepreneurship, Business Planning & Financial Literacy Quiz

Assessment

Quiz

Other

9th Grade

Hard

Created by

Suzanne Selvage

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57 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Your friend is developing a marketing plan for her new business. What should she put in this plan?

Where she wants to sell her product

The price of her product

A description of the people in her target market

All of the above

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which statement is the best description of a Value Proposition?

The cost of creating the product.

A component of the business plan that identifies the target market for the product.

The features and benefits that make the product or business unique.

None of the above

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What is the main purpose of developing a business pitch?

To tell investors all the important details and goals of your business so they don't need to read the business plan.

To provide customers with an in-depth description of how your business was formed.

To briefly share the most important information about your business to people in an engaging way.

To determine whether your business idea is a business opportunity.

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which of the following is probably NOT an important point to include in a business pitch?

A. A detailed description of the meaning behind the company's name.

B. The problems that the product or service solves or the demands it meets.

C. How the product or service is different.

D. Clear reasons why the potential customers and investors should care about the business.

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

5. It is important to conduct market research on your target audience before building your marketing plan because:

It helps you understand your audience's needs and preferences.

It guarantees immediate sales.

It eliminates all competition.

It reduces the need for advertising.

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which of the following is NOT a creative thinking exercise entrepreneurs use to generate ideas?

Challenge the Usual

Think Backward

Judge Each Idea as Realistic or Not

Draw Idea Maps

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Sharon is thinking about opening a bakery. Which of the following would NOT be a good early step?

Immediately finding a storefront property for her business, putting down a deposit, and signing a lease.

Contacting a mentor who has experience in the restaurant industry.

Creating an initial elevator pitch with her limited information and starting to ask around for advice.

Beginning to estimate her target market for her business.

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