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Entrepreneurship Warm-Ups 1/26/24

Quiz by NeKeisha King Price

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10 questions
Show answers
  • Q1
    What is community and site selection in entrepreneurship?
    The process of managing a community of entrepreneurs.
    The process of creating a website for a business.
    The process of identifying the target market and suitable location for a business.
    The process of promoting a business in the local community.
    30s
  • Q2
    Why is community and site selection important in entrepreneurship?
    It provides a platform for advertising and marketing.
    It helps entrepreneurs make friends in the local community.
    It ensures the business reaches its target market and maximizes its potential for success.
    It guarantees immediate profitability for the business.
    30s
  • Q3
    What factors should be considered when selecting a community for a business?
    Proximity to family and friends, personal preferences, and cost of living.
    Weather, local cuisine, traditions, and festivals.
    Historical landmarks, cultural attractions, and transportation options.
    Demographics, competition, accessibility, and market demand.
    30s
  • Q4
    What does site selection involve in entrepreneurship?
    Identifying and evaluating potential locations for a business.
    Designing a website for a business.
    Creating a marketing plan for a business.
    Negotiating lease agreements for a business.
    30s
  • Q5
    What is the purpose of analyzing demographics in community and site selection?
    To estimate the potential revenue of the business.
    To understand the characteristics and needs of the target market.
    To determine the cost of living in the community.
    To promote diversity and inclusion in the local area.
    30s
  • Q6
    What is the significance of accessibility in community and site selection?
    It determines the local regulations and zoning laws.
    It impacts the tax rates and incentives for businesses.
    It influences the availability of skilled labor in the community.
    It ensures easy reach for customers and convenient transportation for goods/services.
    30s
  • Q7
    What is the purpose of conducting a market demand analysis in community and site selection?
    To calculate the operating costs of a business in a specific community.
    To evaluate the potential demand for a product or service in a specific community.
    To identify potential business partners or collaborators in a specific community.
    To determine the environmental impact of a business in a specific community.
    30s
  • Q8
    What is the role of market research in community and site selection?
    To create an effective marketing campaign.
    To hire and train employees for the business.
    To secure funding for the business venture.
    To gather data and insights about the target market and competition.
    30s
  • Q9
    Which of the following is NOT a factor to consider when selecting a site for your business?
    Proximity to amusement parks
    Availability of skilled workforce
    Proximity to target market
    Proximity to amusement parks
    Infrastructure and transportation
    30s
  • Q10
    When choosing a site for your business, which of the following is an important factor to consider?
    Famous landmarks
    Infrastructure and facilities
    Popular fashion trends
    Infrastructure and facilities
    Local cuisine options
    30s

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