Test 4: Big Test - Bruno money

What is a sales strategy?

A plan for how you will sell your products or services
A strategy for winning a game of chess
A list of your favorite movies

Who’s responsible for making all the decisions in a business?

The business owner
The customers
The government

What is a marketing plan?

A plan for how you will promote and advertise your business
A plan for how to make the perfect cup of coffee
A list of your favorite songs

What’s the most important thing to consider when choosing a business location?

The price of the rent
The proximity to your favorite coffee shop
The target market and competition in the area

What is an exit strategy?

A plan for how you will exit your business in the future
A strategy for leaving a party early
A list of your favorite foods

What’s the best way to finance your business?

Borrow as much money as you can
Use your personal savings
Create a crowdfunding campaign

What is branding?

A type of iron mark used on livestock
The act of giving a company a unique identity
A type of bandage used for cattle

What is a brand style guide?

A set of rules and guidelines for how your brand should look and sound
A recipe book for your brand's signature dish
A travel guide for your brand ambassadors

Which of the following is NOT an important factor to consider when naming your business?

Simplicity
Relevance to your products or services
Making sure it's unique and hasn't been used before

Which of the following is NOT a good practice when designing a logo?

Using too many colors or fonts
Making it too complicated
Making it too simple and unmemorable

What is a tagline?

A piece of clothing with a slogan on it
A short phrase that sums up your company's message
A type of fishing lure

What is a trademark?

A tool used to brand cattle
A legally protected symbol or word that represents your brand
A type of patent used for inventions

What is a logo?

A small truck used for delivering goods
A visual symbol that represents your brand
A type of dance popular in the 80s

How often should you review your business plan?

Every day
Every week
Every year

Which of the following is NOT a good way to come up with a business name?

Using a name generator online
Brainstorming with friends and family
Choosing a name that is hard to spell or pronounce

What is brand identity?

A way to identify counterfeit products
The visual elements that represent your brand
The way your brand is perceived by customers

What is a business plan?

A document outlining your business goals and strategies
A book on how to become a millionaire
A recipe for chicken tikka masala

Why is a business plan important?

It helps you clarify your business goals and strategies
It's just a formality that banks require
It's a good way to show off your writing skills

How do you know if your business is successful?

When you're able to retire early and live on a yacht
When your customers are happy and you're making a profit
When your business is featured on a reality TV show

Who should write a business plan?

The founder of the business
The founder's cat
The founder's neighbor's dog

What are the main components of a business plan?

Executive summary, company description, market analysis, financial projections, and more
A funny joke, a picture of a cat, and a recipe for chicken tikka masala
Just a list of products you want to sell

What is an executive summary?

A brief overview of the key points in your business plan
A fancy way of saying "introduction"
A summary of your favorite books and movies

What’s the biggest benefit of being a business owner?

The unlimited earning potential
The ability to work in your pajamas
The free office supplies

What’s the difference between a business and a hobby?

A business is something you do for fun, a hobby is something you do for money
A business generates income, a hobby does not
There's no difference, they're the same thing

What’s the most important thing to consider when hiring employees?

Their experience and qualifications
Their favorite TV show
Whether they like the same kind of music as you do

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