Business Management-Shark Tank Assignment
Quiz by NeKeisha King Price
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8 questions
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- Q1What is Legacy Shave's innovative product?A new type of razorA shaving cream subscription serviceA line of luxury shaving productsThe world's first Universal padded Shea brush dispenser all in one30s
- Q2How much does Legacy Shave's product cost to make?$5.39$24.95$19.95$15.0030s
- Q3What inspired the creation of Legacy Shave's product?A recommendation from a friendA gap in the market for a new shaving productA desire to revolutionize the shaving industryThe founder's father's struggle with razor bumps and burns30s
- Q4How many units of Legacy Shave's product have been sold?50,000Over 100,00010,000500,00030s
- Q5What is the proposed investment amount that Legacy Shave is seeking?$1,000,000$300,000$500,000$100,00030s
- Q6What is the founder's father's message to him from beyond the grave?Keep pushing forward, success is nearNever give up on your dreams, no matter the obstaclesDon't wait, life is short, take the shotRemember your roots, family is everything30s
- Q7What offer does Lori Greiner make to Legacy Shave?A $500,000 offer for 50% of the companyA $1 million offer for 100% of the company, with a 3% royalty on net salesA $2 million offer for 10% of the companyA $300,000 offer for 20% of the company30s
- Q8What percentage of equity does Legacy Shave retain in Lori's offer?2.5%10%5%20%30s