Quiz - Defining Your Business Idea - April Parker Academy

Quiz Summary

0 of 7 Questions completed

Questions:

You have already completed the quiz before. Hence you can not start it again.

Quiz is loading…

You must sign in or sign up to start the quiz.

You must first complete the following:

Results

Quiz complete. Results are being recorded.

Results

0 of 7 Questions answered correctly

Question 1 of 7
1. Question
1. Why is having a clear business idea important?
It makes it easier to apply for loans
Correct Incorrect Correct answer

It helps you explain, sell, and build your business plan
Correct Incorrect Correct answer

It guarantees instant success
Correct Incorrect Correct answer

It replaces the need for marketing
Correct Incorrect Correct answer

Correct
Incorrect
Question 2 of 7
2. Question
2. Which of the following is NOT one of the 3 parts of a business idea?
What
Correct Incorrect Correct answer

Who
Correct Incorrect Correct answer

Why
Correct Incorrect Correct answer

Where
Correct Incorrect Correct answer

Correct
Incorrect
Question 3 of 7
3. Question
3. What makes an elevator pitch effective?
Length (it should be at least 5 minutes long)
Correct Incorrect Correct answer

Clarity, Relevance, and a Hook
Correct Incorrect Correct answer

Using as many technical terms as possible
Correct Incorrect Correct answer

Reading from your business plan
Correct Incorrect Correct answer

Correct
Incorrect
Question 4 of 7
4. Question
4. True or False: Differentiation is about making sure your business looks exactly like your competitors
True
Correct Incorrect Correct answer

False
Correct Incorrect Correct answer

Correct
Incorrect
Question 5 of 7
5. Question
5. True or False: A vague idea is harder to explain and harder to sell.
True
Correct Incorrect Correct answer

False
Correct Incorrect Correct answer

Correct
Incorrect
Question 6 of 7
6. Question
6. Write one example of a “Why” for your business idea.
This response will be awarded full points automatically, but it can be reviewed and adjusted after submission.
Grading can be reviewed and adjusted.
Grading can be reviewed and adjusted.
Question 7 of 7
7. Question
7. In 1–2 sentences, draft your own elevator pitch.
This response will be awarded full points automatically, but it can be reviewed and adjusted after submission.
Grading can be reviewed and adjusted.
Grading can be reviewed and adjusted.

Quiz – Defining Your Business Idea

Quiz Summary

Information

Results

Results

Categories

1. Question

2. Question

3. Question

4. Question

5. Question

6. Question

7. Question