Business Ideas
7 practice questionsEntrepreneurshipStep-by-step solutions
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1
A strong business idea most fundamentally:
A.Solves a real problem or meets a genuine need
B.Uses the newest technology regardless of need
C.Has the largest marketing budget
D.Avoids all competitors
2
A written document that outlines a venture's goals and the strategy to achieve them is a:
A.Business plan
B.Balance sheet
C.Cash receipt
D.Tax return
3
A common first step in evaluating a new business idea is to assess its:
A.Logo design
B.Market demand and feasibility
C.Office paint color
D.Number of social media followers
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