Finding Key Partners in Entrepreneurship

Finding Key Partners in Entrepreneurship

Assessment

Interactive Video

Business

6th - 10th Grade

Medium

Created by

Jackson Turner

Used 10+ times

FREE Resource

Anna Akana discusses the importance of key partnerships in entrepreneurship. She explains how outsourcing and forming strategic partnerships can help businesses lower costs, reduce risks, and increase efficiency. The video covers different types of partners, such as suppliers, manufacturers, and distributors, and provides guidance on selecting the right partners. A case study of a chocolate business illustrates the practical application of these concepts. The episode concludes with a reminder to seek help and form win-win partnerships.

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10 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why is it crucial for entrepreneurs to seek help?

To avoid learning new skills

To increase their workload

To handle all tasks alone

To manage time efficiently

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a key reason to form a partnership when starting a business?

To increase business costs

To reduce personal workload

To limit business growth

To avoid hiring employees

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What advantage does contracting with a glass bottle company provide?

Increased production time

Limited design options

Higher costs per item

Discounts on large orders

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How can key partners help reduce business risks?

By limiting business opportunities

By taking on all business risks

By increasing financial liabilities

By providing expert guidance

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a primary role of suppliers as key partners?

Providing legal advice

Handling customer service

Offering marketing strategies

Supplying raw materials

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why might a business seek a manufacturer as a key partner?

For expertise in product creation

To handle legal matters

For financial investment

To reduce marketing efforts

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the benefit of partnering with a distributor?

To limit market reach

To decrease product quality

To increase production costs

To expand market reach

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