"Entrepreneurship 101: How to Start a Successful Business" - Take this quiz to l...
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Questions and Answers

What is the importance of market research in starting a business?

  • To decide on the business location
  • To understand potential customers, competition, and industry trends (correct)
  • To determine the legal structure of the business
  • To develop the brand identity
  • What is the purpose of a business plan?

  • To choose a unique business name
  • To determine the legal structure of the business
  • To anticipate challenges and measure progress (correct)
  • To develop the brand identity
  • What is the importance of brand identity in starting a business?

  • To represent the personality of the business consistently (correct)
  • To develop the products or services
  • To determine the legal structure of the business
  • To seek qualified and motivated individuals
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