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Entrepreneurship Warm-Ups 2/9/24

Quiz by NeKeisha King Price

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10 questions
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  • Q1
    What is the final step in the sales process?
    Qualification
    Closing
    Negotiation
    Follow-up
    30s
  • Q2
    Which step in the sales process involves identifying potential customers or leads?
    Presentation
    Prospecting
    Closing
    Negotiation
    30s
  • Q3
    What is the first step in the sales process?
    Presentation
    Prospecting
    Closing
    Negotiation
    30s
  • Q4
    Which step in the sales process involves addressing any concerns or doubts the customer may have?
    Closing
    Handling objections
    Follow-up
    Qualification
    30s
  • Q5
    In the sales process, what step involves gathering information about the customers and planning for the sales presentation?
    Closing
    Preparation
    Follow-up
    Prospecting
    30s
  • Q6
    What is customer acquisition cost?
    The average revenue generated per customer
    The cost of retaining existing customers
    The cost associated with attracting and acquiring a new customer
    The total number of customers a company has
    30s
  • Q7
    How is customer acquisition cost calculated?
    By adding the cost of marketing and advertising to the average purchase value
    By subtracting the cost of retaining existing customers from the total revenue
    By dividing the total cost of acquiring customers by the number of new customers acquired
    By multiplying the average revenue per customer by the total number of customers
    30s
  • Q8
    If a business made a profit of $5000 on an investment of $20000, what is the ROI in percentage?
    30%
    25%
    20%
    50%
    30s
  • Q9
    If a school invests $10000 to renovate the cafeteria and they estimate that the renovations will increase lunch sales by $2500 per year, what is the ROI after 2 years?
    75%
    20%
    25%
    50%
    30s
  • Q10
    What is the principle behind Return on Investment (ROI)?
    It calculates the annual interest gained
    It measures the time it takes to get your money back
    It calculates the total amount of money invested
    It measures the efficiency of an investment
    30s

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