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Entrepreneurship and Business Management Warm-Ups 1/30/25

Quiz by Nekeisha King-Price

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10 questions
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  • Q1
    What is a business plan?
    An employee handbook
    A marketing campaign for a product
    A document that outlines a business's objectives and how to achieve them
    A list of products the business sells
    30s
  • Q2
    What is the primary purpose of market research?
    To hire new employees
    To understand customer needs and preferences
    To create a product design
    To manage finances
    30s
  • Q3
    What does it mean to be an entrepreneur?
    To conduct market research for others
    To start and manage a new business venture
    To invest in stocks and bonds
    To work as an employee in a corporation
    30s
  • Q4
    What is a target market?
    A specific group of customers that a business aims to reach
    The range of products offered by a business
    The total sales generated by a business
    The location where a business operates
    30s
  • Q5
    What is cash flow?
    The total sales revenue for a specific period
    The total amount of money being transferred in and out of a business
    The value of a company's assets
    The profit a business makes after taxes
    30s
  • Q6
    What is the role of a manager in a business?
    To design the company's website
    To sell products directly to customers
    To invest in new technologies
    To plan, organize, and coordinate the work of others
    30s
  • Q7
    What is a SWOT analysis used for?
    To calculate financial profits
    To design a new product
    To assess a business's Strengths, Weaknesses, Opportunities, and Threats
    To create a marketing strategy
    30s
  • Q8
    What is personal branding?
    A technique for managing a company's image
    The practice of marketing yourself and your career as a brand
    Creating a business logo
    Developing a new product line
    30s
  • Q9
    What is the definition of entrepreneurship?
    The process of starting and running a new business
    Conducting market surveys
    Providing employee training
    Investing in existing companies
    30s
  • Q10
    What does a competitive advantage refer to?
    The overall revenue of a company
    An attribute that allows a company to outperform its competitors
    The location of a business
    The number of employees working in a company
    30s

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