A Quick Quiz On Business Function
10 Questions
| Total Attempts: 101
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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