Question 1

What is a business plan?

Accepted Answer

A detailed document describing a company's objectives and how to achieve them.

Answer

The process of registering a new business.

Answer

The legal framework of operating a business.

Answer

A financial statement showing a company's revenue and expenses.

Question 2

What is the primary purpose of market research in entrepreneurship?

Accepted Answer

To gather information about target customers, competitors, and market trends.

Answer

To manufacture products or provide services.

Answer

To secure funding from investors.

Answer

To develop a business plan.

Question 3

What is a pitch deck in entrepreneurship?

Accepted Answer

A presentation that provides an overview of a business or startup to potential investors.

Answer

A document that details the marketing and advertising strategies of a business.

Answer

A legal document that outlines the ownership structure of a business.

Answer

A financial statement that shows the revenue and expenses of a company.

Question 4

What is the role of a venture capitalist?

Accepted Answer

Investing large sums of money into early-stage businesses in exchange for an equity stake.

Answer

Assisting businesses with marketing and advertising efforts.

Answer

Helping entrepreneurs come up with innovative business ideas.

Answer

Providing loans to small businesses at favorable interest rates.

Question 5

What is the role of an incubator in entrepreneurship?

Accepted Answer

Providing resources, mentorship, and support to early-stage startups.

Answer

Promoting and advertising a new business.

Answer

Helping businesses secure funding from venture capitalists.

Answer

Managing the financial operations of a growing business.

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