Business QuizOnline version Test your knowledge on entrepreneurship and enterprise with this quiz! by Chelsea Hayes Rice 1 What is the process of creating a new business called? a Human Resources b Accounting c Marketing d Entrepreneurship 2 What is a person who starts and manages a business called? a Manager b Entrepreneur c Investor d Employee 3 What is a business plan? a A marketing campaign b An employee handbook c A document outlining the goals and strategies of a business d A financial statement 4 What is the main purpose of market research? a To improve employee morale b To gather information about customers and competitors c To reduce costs d To increase sales 5 What is a SWOT analysis? a A pricing strategy b An evaluation of a business's strengths, weaknesses, opportunities, and threats c A sales forecast d A customer survey 6 What is a target market? a The business's location b The total market demand c The competition d A specific group of customers that a business aims to reach 7 What is a unique selling proposition? a The packaging of a product b The advertising campaign c The price of a product or service d A factor that differentiates a product or service from its competitors 8 What is a business model? a The organizational structure of a business b The location of a business c The plan for how a business will generate revenue and make a profit d The target market of a business 9 What is a partnership? a A corporation b A legal form of business ownership where two or more people share the profits and losses c A sole proprietorship d A non-profit organization 10 What is a business mentor? a An experienced entrepreneur who provides guidance and support to a new business owner b An investor c An employee d A customer
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