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Entrepreneurship Warm-Ups 10/27/23

Quiz by NeKeisha King Price

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5 questions
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  • Q1
    What is an important consideration when starting a business?
    Favorite vacation spot
    Market demand
    Favorite color
    Favorite food
    30s
  • Q2
    Why is a business plan important for starting a business?
    To provide a roadmap and guide for the business
    To attract investors with flashy designs
    To showcase artistic talent
    To fulfill a legal requirement
    30s
  • Q3
    What is the purpose of conducting market research when starting a business?
    To choose a fancy brand name
    To calculate projected revenue
    To identify customer needs and preferences
    To determine the business location
    30s
  • Q4
    What is the meaning of the term 'break-even point' in entrepreneurship?
    The point at which total revenue equals total expenses
    The point where a business decides to shut down
    The point where a business achieves maximum profitability
    The point where a business reaches its target market
    30s
  • Q5
    What is the purpose of a target market in business?
    To increase brand awareness
    To reduce production costs
    To identify and focus on a specific group of customers
    To expand the business globally
    30s

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