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Entrepreneurship Warm-Ups 10/11/23

Quiz by Nekeisha King-Price

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5 questions
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  • Q1
    What is the main advantage of starting a business from scratch?
    Established brand name.
    Existing customer base.
    Flexibility and control over the business.
    Lower financial risk.
  • Q2
    Which of the following is a disadvantage of buying an established business?
    Less competition.
    Higher initial investment.
    Established customer base.
    Brand recognition.
  • Q3
    What is the advantage of buying an established business?
    Flexibility and control.
    Lower financial risk.
    Existing customer base.
    Ability to shape the business.
  • Q4
    What is a common funding source for startups?
    Personal savings
    Venture capital
    Bank loans
  • Q5
    What is the role of adaptability in entrepreneurship?
    Adaptability allows entrepreneurs to respond to changing market conditions
    Adaptability limits opportunities for growth
    Adaptability reduces the need for innovation
    Adaptability hinders decision-making

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