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Business Management Warm-Ups 9/12/24

Quiz by Nekeisha King-Price

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10 questions
Show answers
  • Q1
    What is an essential characteristic of a successful entrepreneur?
    Indifference
    Resilience
    Pessimism
    Perfectionism
    30s
  • Q2
    What is one of the most important factors for the success of a small business?
    Having a large initial investment
    Hiring many employees right away
    Understanding the target market
    Choosing a trendy location
    30s
  • Q3
    Which of the following is a common method for financing a small business?
    Taking out a small business loan
    Buying lottery tickets
    Finding a rich friend
    Selling personal belongings
    30s
  • Q4
    What role does customer feedback play in a small business?
    It is only useful for marketing
    It is only important for large companies
    It has no significant impact
    It helps improve products and services
    30s
  • Q5
    Which of the following is a key advantage of online marketing for small businesses?
    Lower cost compared to traditional marketing
    No need for a website
    Guaranteed sales
    Immediate brand recognition
    30s
  • Q6
    What is a common reason many small businesses fail?
    Too many customers
    Lack of sufficient capital
    Having too many employees
    Excessive marketing
    30s
  • Q7
    What is the purpose of a target market in a business plan?
    To establish pricing strategies
    To list potential competitors
    To define the specific group of customers the business aims to serve
    To outline company values
    30s
  • Q8
    What is a business plan primarily used for?
    To outline business goals and strategies
    To manage employee payroll
    To build a website
    To create marketing advertisements
    30s
  • Q9
    Why is networking important for small business owners?
    It focuses only on making sales
    It takes time away from running the business
    It reduces the need for marketing
    It creates opportunities for collaboration and support
    30s
  • Q10
    What is the main advantage of creating a strong brand identity?
    It simplifies business operations
    It guarantees instant sales
    It helps differentiate a business from its competitors
    It reduces the need for advertising
    30s

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