Question 1

What is the term for a person who starts their own business?

Accepted Answer

Entrepreneur

Answer

Manager

Answer

Employee

Answer

Investor

Question 2

Which of the following is a common reason for starting a business?

Accepted Answer

To follow a passion

Answer

To have more free time

Answer

To guarantee a high salary

Answer

To avoid working

Question 3

What is a business plan?

Accepted Answer

A detailed document outlining business goals and strategies

Answer

A financial statement

Answer

A resume for a business owner

Answer

A marketing brochure

Question 4

What is the term for money used to invest in a business?

Accepted Answer

Capital

Answer

Profit

Answer

Revenue

Answer

Expense

Question 5

What does marketing primarily focus on?

Accepted Answer

Promoting products or services to customers

Answer

Managing employee relations

Answer

Keeping financial records

Answer

Overseeing production processes

Question 6

Which of the following best describes a startup?

Accepted Answer

A newly established business often in the early stages of development

Answer

A non-profit organization

Answer

A type of product that is sold

Answer

A business that has been operating for many years

Question 7

What is an essential quality of a successful entrepreneur?

Accepted Answer

Adaptability

Answer

Complacency

Answer

Indecisiveness

Answer

Stubbornness

Question 8

What is the purpose of market research?

Accepted Answer

To understand customer needs and market trends

Answer

To hire new employees

Answer

To create financial reports

Answer

To develop a product prototype

Question 9

What is a target market?

Accepted Answer

A specific group of customers a business aims to reach

Answer

The location of the business

Answer

The amount of sales needed to break even

Answer

The total number of potential customers

Question 10

What is a unique selling proposition (USP)?

Accepted Answer

A distinct feature that makes a product stand out from the competition

Answer

The advertising budget

Answer

The price of a product

Answer

The name of the business

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