Business Plan Quiz PDF

 What is the primary purpose of a business plan?  A) To impress investors  B) To outline goals and strategies (Correct)  C) To increase social media followers  D) To conduct market research  Which of the following is a common source of startup funding?  A) Family a...

 What is the primary purpose of a business plan?  A) To impress investors  B) To outline goals and strategies (Correct)  C) To increase social media followers  D) To conduct market research  Which of the following is a common source of startup funding?  A) Family and friends (Correct)  B) Lottery winnings  C) Free giveaways  D) Credit card rewards  What does "bootstrapping" refer to in entrepreneurship?  A) Relying on personal savings to fund a startup (Correct)  B) Securing venture capital  C) Using bank loans  D) Launching a product without a prototype  Which of the following best defines a "value proposition"?  A) A sales pitch  B) The unique value a product offers to customers (Correct)  C) A legal agreement  D) A marketing budget  What is a "pivot" in a startup context?  A) Changing the business name  B) Shifting the business model or product direction (Correct)  C) Hiring new staff  D) Increasing prices  Which of the following is NOT a characteristic of successful entrepreneurs?  A) Resilience  B) Risk aversion (Correct)  C) Innovation  D) Adaptability  What is an MVP in product development?  A) Most Valuable Player  B) Minimum Viable Product (Correct)   C) Market Value Proposition  D) Major Venture Project  Which term describes a business's ability to sustain itself over the long term?  A) Scalability  B) Viability (Correct)  C) Liquidity  D) Profitability  What does "market saturation" refer to?  A) A market with no competition  B) A point where a market has no room for more competitors (Correct)  C) A market that is too diverse  D) A market experiencing rapid growth  Which of the following is an example of a disruptive innovation?  A) A new app that enhances an existing service  B) A product that creates a new market and displaces existing ones (Correct)  C) A minor update to software  D) A traditional marketing campaign