Entrepreneurship, Module-1 - Quiz

1) A business idea should__________________?.

Satisfy only my needs Fulfill customer needs or solve their problems Save the world None of these

2) A good business idea for a young or new entrepreneur should be sustainable. This means____________.

It is easy to use It has many details It has budget It is planned for the present and future business growth

3) A good business idea should be__________.

very common a short term plan very expensive to start a business unique, sustainable & low on investment

4) Low investment business plan means__________

The plan is a new idea The plan needs a small amount to start a business The plan should be simple The plan should start immediately

5) Unique Selling Proposition or USP of a business plan refers to__________.

A special budget for the business A new customer for the business A special or different idea for a business An old business is updated