A Quick Quiz On Business Function

10 Questions | Total Attempts: 101

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Business Process Quizzes & Trivia

Questions and Answers
  • 1. 
    The element used in the really big idea sketch pad which explains why the product or service is valuable to the end user is:
    • A. 

      Customers

    • B. 

      Offering

    • C. 

      Value Proposition

  • 2. 
    More women entering the workforce is an example of:
    • A. 

      Technological Factors

    • B. 

      Global Factors

    • C. 

      Sociocultural Factors

  • 3. 
    A key stakeholder has assessed the elements of your business idea by giving scores to each variable as follows: Offering or core competency=7 People= 6 Value proposition=8 Customers=9 What is the impact of your idea?
    • A. 

      48

    • B. 

      42

    • C. 

      63

    • D. 

      72

  • 4. 
    The process of determining whether an entrepreneur's idea is a viable foundation for creating a successful business:
    • A. 

      Crafting

    • B. 

      Idea assessment

    • C. 

      Feasibility analysis

  • 5. 
    The process of examining a need in the market developing a solution for that need, and determining the entrepreneur's ability to successfully turn the idea into a business:
    • A. 

      Offering

    • B. 

      Feasibility analysis

    • C. 

      Idea assessment

  • 6. 
    The step in the planning process in which the entrepreneur tests the concept and uses what it learned from the real customers to refine:
    • A. 

      Value Proposition

    • B. 

      Developing a Business Model

    • C. 

      Feasibility analysis

  • 7. 
    Which study answers the question: should we proceed with this business idea?
    • A. 

      Developing a Business Model

    • B. 

      Analysis Feasibility

    • C. 

       Idea assessment Idea

  • 8. 
    Which study answers the question: how would we proceed with this business idea?
    • A. 

      Developing a Business Model

    • B. 

       Idea assessment 

    • C. 

      Analysis Feasibility

  • 9. 
    Which element is used for describing your idea for a product or service to offer the customers?
    • A. 

      Value Proposition

    • B. 

      Core Competencies

    • C. 

      Offering

  • 10. 
    Helps the entrepreneur to fully understand all that will be required to launch and build the business?
    • A. 

      Analysis Feasibility

    • B. 

      Developing a Business Model

    • C. 

      Idea assessment

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