venture final module 3 test
What are the four parts of a SWOT analysis?
answer; 3
George and Miguel want to know more about their local and online competitors and about the retail industry what is the best way for them to find all of this information?
answer; 4
Petes disappointed with the production of how much his cupcake cart will make in the first month what could he do to try to improve his net profit?
answer; 4
Which of the following is not one of the four steps to prepare a sales forecast?
answer;2
Which of the following is NOT a creative way of thinking exercise entrepreneurs use to generate ideas?
answer; 3
Which of the following is a fixed expense for Marias sandwich food truck?
answer; 4
Regina is looking to start a knitting business and complete a target market profile to include in her business plan identify which item in her target market profile is in the wrong category and where it should be moved?
answer; 3
Based on the digram has Petes business broken even (meaning covered its fixed expense and became profitable)
answer; 1
Sharon is thinking about opening a bakery she knows she wants to set her own hours, reduce her stress and ,make a profit but she still has a lot to think through which of the following would NOT be a good early step?
answer; 1
Which of the following is a start up expense for arias food truck?
answer; 1
sharon realizes that she need additional research before she approaches potential investors. What kind of research should she do to effectively evaluate her potential business opportunity?
answer; 1
Pete wants to write a business plan for Petes Pb&j cupcake cart, he needs to identify all expense associated with making a peanut butter and jelly cupcake. For a economies of one unit what is the most accurate why of determine his expense
answer; 2
Which of these is not part of a consumer profile?
answer; 2
George an Miguel are considering opening up a shoe store but first need to do market research which one of these is not part of the market research process?
answer; 3
Regina is creating her competitive analysis she understands why its important to know about her direct competitors but she is not sure why indirect competitors matter, what should you say?
answer; 3
