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Russell's Quiz
What are key metrics?
Key Metrics
Russell's Quiz
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1
Key Metrics
Indicators for evaluating factors crucial to the success of a business
An idea for a new business that can be tested
All the expenses required to start your business
A distinct and appealing message that sets a business apart from its compet
2
What are key metrics?
Numbers
A measuring tape
Goals that determine the success of your business
3
venture capitalist
a private investor that invests money in new companies
sb taking the risk to invest in companies
a private investor that invests money in companies
4
Demographics data about target market & business location included where in the business plan
marketing plan
company description
product and service plan
market analysis
5
key metrics for entrepreneurship
retention
sacrifice
Customer Loyalty
sacred
6
State taxes pay for . . .
All of the above
<p>State parks</p>
<p>Disadvantaged Children</p>
<p>Public education</p>
7
what are key metrics?
indicators for evaluating factors are true about the company
money that comes into business
indicators for evaluating factors that are crucial
terms for business
8
Offering solution to customer's problem is a value proposition of a business.
False
True
9
Key Metrics can be defined as the "Report Card " of a company /business
False
True
10
A venture capitalist is
A manager of a business's investment, aligning with goals
The co-founder of a successful startup
The net worth of a company
An investor in a business providing capital for startup
11
Which part of the business plan studies competition, industry , and demographics ?
Marketing Plan
Management Plan
Executive Summary
Industry/ Market Analysis Plan
12
Problem and Solution are the first two parts of the Lean Canvas/Business Plan
True
False
13
Venture Capitalists _____________?
only invest in companies that are likely to grow at 30-40 percent per year
lend small amounts of money to start-up businesses through banks
fund high-potential new companies in exchange for a share of ownership
partially guarantee loans from local commercial lenders.
14
Venture capitalists:
Are used to protect a business from excessive government reg
Are used to provide expertise and funding to help businesses
Are used to make direct appeals for funding on social media
Are used to build entrepreneur incubators at public univers
15
Do YOU know you are worth more than SILVER & GOLD
True
False
16
A business plan should include a logical statement of a problem and its solution
False
True
17
It requires 28 Credits to Graduate
False
True
18
Key components of a business plan.
financial analysis and executive summary
market analysis and marketing plan
executive summary and operational plan
all of the above
19
Which one is not a problem of drawing up a business plan?
Overestimating expenses
Disregarding legal requirements
Failure to anticipate obstacles
Lack of logical sequence
20
What states the goals of the company ?
Mission Statement
Email
TIme Line
Vision Statement
21
A business that uses a digital distribution channel:
uses warehouses to store its products
uses social media to promote its products
uses the Internet to deliver its products
uses state-of-the-art lorries to transport its products
22
A plan of action used to find a solution. Is this Problem - Solving?
True
False
23
Venture capitalists...
Are used when there is an element of risk involved.
Don't exist.
Don't need their money paid back.
Are used for adventure businesses.
24
Did you know you were born to GREAT in this WORLD ????
False
True
25
venture capitalist
an activity that takes a part of the time of group
liquid resources
a high pressure sales talk
person who invests in a business venture, providing capital
26
venture capitalists
the bank
someone who provides funds for a new business
someone who provides moral support
a lawyer
27
A lean version of a business plan.
Backlog
Prototype Canvas
Business Model Canvas
Value Proposition Canvas
28
In a business plan, what section contains detailed description of company, problem/op, proposed solution & comp adv?
Organization Management
Market Analysis
Company Description
Service and Product Line
29
Federal taxes pay for
Hospital ( Novant )
Public Schools
Local Parks
Whitehead Avenue
30
What is the significance of demographics in business planning?
They influence employee hiring
Determine product pricing
They dictate marketing strategies
Help identify target markets
31
Unique Selling Proposition is defined as marketing the product to a new target market
False
True
32
State taxes pay for _________________.
insurance
cars
salaries
roads
33
What was the deduction in Ellen's check for State Taxes for the week?
$8.41
$1,129.55
$27.55
$344.81
34
The final business organization in an indirect channel of distribution for consumer products:
intermediaries
wholesaler
retailers
agents
35
State taxes pay for...
fire departments, police, libraries
social security, defense, refugees
Universities, Education, prisons
36
In general, the two most important taxes for state and local governments are:
sales taxes and property taxes.
sin taxes and gasoline taxes.
income taxes and estate taxes.
excise taxes and corporate taxes.
37
Problem Solving is a plan of action used to find a solution
False
True
38
Key metrics are
a way to measure a business' revenue.
a way to measure a business' profitability.
a way to measure your business’ overall success.
39
Area demographics is irrelevant when it comes to business planning
True
False
40
LOCATION AND DEMOGRAPHICS OF THE SALON SHOULD BE APART OF THE BUSINESS PLAN
FALSE
TRUE
