44

1

2

3

4

5

6

7

8

9

10

11

12

13

14

15

16

17

18

19

20

---

Entrepreneurship Quiz

Welcome to your Entrepreneurship Quiz

Instructions:

All questions are compulsory.

There are 20 questions. Each question has only one correct answer.

No negative marking

1 correct answer has 1 mark (Total 20 marks)

Duration of Quiz: 20 min

We wish you all the best!

1 / 20

What is a value chain?

The financial evaluation of a company's assets and liabilities

The process of adding value to a product or service from production to delivery

The process of determining the price of a product or service

The analysis of market trends and consumer behaviour

2 / 20

What is bootstrapping in entrepreneurship?

The process of launching a company without any external funding

The process of raising funds through a crowdfunding campaign

The process of outsourcing certain tasks to reduce operational costs

The process of hiring experienced professionals to accelerate company growth

3 / 20

What is the role of a venture capitalist?

To regulate the financial activities of small businesses

To invest in high-potential startups in exchange for equity

To provide short-term loans to small businesses

To provide mentoring and guidance to entrepreneurs

4 / 20

What is a niche market?

A market with a wide range of products and services

A market with intense competition and high barriers to entry

A market that focuses on luxury products and services

A market that caters to a specific and specialized group of customers

5 / 20

What does the term "business scalability" refer to?

The expansion of a business into new geographical markets

The analysis of competitors and their marketing strategies

The ability of a business to handle growth and increased demand without sacrificing efficiency or quality

The process of securing loans from banks or financial institutions

6 / 20

What does the term "market penetration" refer to in marketing?

The expansion of a business into new geographical markets

The strategy of increasing market share for an existing product or service in an existing market

The process of securing intellectual property rights for a product or service

The technique of outsourcing certain business functions to external providers

7 / 20

What is a marketing plan?

A document that outlines the pricing strategy for a product or service

A document that outlines a company's financial projections and goals

A document that outlines the marketing goals and strategies for a business

A document that outlines the organizational structure of a company

8 / 20

What is the concept of "disruptive innovation"?

The collaboration between two or more businesses to create a new product

The development of incremental improvements to existing products or services

The expansion of a business into new geographical markets

The introduction of a completely new product or service that disrupts the market

9 / 20

What is the purpose of a customer retention strategy in entrepreneurship?

To build loyalty and maintain long-term relationships with existing customers

To analyze competitors and their marketing strategies

To secure funding from investors or lenders

To track and manage sales and customer interactions

10 / 20

What does the term "elevator pitch" refer to in entrepreneurship?

The analysis of competitors and their marketing strategies

A short, concise summary of a business idea or concept that can be delivered in the span of an elevator ride

The evaluation of potential risks and uncertainties in the market

The process of securing funding from venture capitalists

11 / 20

What does the term "disruption" mean in entrepreneurship?

The significant change or breakthrough that alters the traditional way of doing business and creates new opportunities

The expansion of a business into international markets

The analysis of competitors and their marketing strategies

The process of securing loans from banks or financial institutions

12 / 20

Which of the following is NOT a characteristic of a successful entrepreneur?

Adaptability

Persistence

Risk-taking

Avoidance of failure

13 / 20

What is the purpose of a competitive pricing strategy in marketing?

To evaluate the financial performance of a business

To set prices for products or services that are competitive with other businesses in the market

To track and manage sales and customer interactions

To secure funding from investors or lenders

14 / 20

What is a break-even point?

The point at which a business reaches its maximum growth potential

The point at which a business recovers its total costs and starts making a profit

The point at which a business closes down

The point at which a business starts to earn revenue

15 / 20

What is the purpose of a pitch deck in entrepreneurship?

To secure funding from investors or lenders

To evaluate the financial performance of a business

To track and manage sales and customer interactions

To analyze market trends and consumer behaviour

16 / 20

What does the term "angel investor" refer to in entrepreneurship?

The process of securing loans from banks or financial institutions

The analysis of competitors and their marketing strategies

The expansion of a business into international markets

A high-net-worth individual who provides financial backing to startups in exchange for equity or convertible debt

17 / 20

What is market segmentation?

The process of dividing a market into distinct groups based on characteristics

The process of promoting a product or service to a target audience

The process of setting the price of a product or service

The process of identifying potential customers for a product or service

18 / 20

What is the purpose of a customer acquisition cost (CAC) in business?

To secure intellectual property rights for a product or service

To evaluate the financial performance of a business

To track and manage sales and customer interactions

To measure the cost of acquiring a new customer, including marketing and sales expenses

19 / 20

What is a sales funnel?

A pricing strategy used to maximize revenue from each customer

A process that outlines the steps a customer takes to make a purchase

A financial forecast that predicts future sales for a business

A visualization tool used to track sales performance over time

20 / 20

What is the role of a pitch competition in entrepreneurship?

To secure intellectual property rights for a product or service

To track and manage sales and customer interactions

To evaluate the financial performance of a business

To provide entrepreneurs with an opportunity to present their business ideas to a panel of judges or investors

Your score is

Share this quiz

LinkedIn Facebook Twitter

Restart quiz Exit

Rate the quiz

 

Send feedback