A Quick Quiz On Business Function

10 Questions | By Alfredhook3 | Updated: Jan 25, 2023 | Attempts: 158

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A Quick Quiz On Business Function - Quiz

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