Starting a Business Quiz

Jayde Rynhoud-Brown

July 2, 2018

min read

Do exactly what your competitors are doing

Aim to meet a need or needs that aren't being met in the current market

Always purchase goods at a low cost and sell them for significantly higher

Keep changing your idea every 6 months

Correct! Wrong!

Using an online search tool to figure out what's currently popular

Using past studies and industry journals to improve your idea

Carrying out your own research e.g. observation or test marketing

Researching investors and financiers that could support your business

Correct! Wrong!

A list of all the people you plan to employ in your business

The last section of your business plan that includes further documents and resources

The section of your business plan that explains finances

The first section of your business plan that summarises key points

Correct! Wrong!

General partnership

Limited company

Sole trader

No business structure protects people's assets or finances

Correct! Wrong!

Operations plan

Business description

Appendix

Marketing plan

Correct! Wrong!

Starting a Business Quiz

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