Entrepreneurship & Small Business v.2 - U.S. Practice Exam 2 with 100% correct answers
What are 2 characteristics that define a "small business"?Fewer than 1,500 employees.Less than $35.5 million in revenue What is the difference between a physical and a digital business?A physical business sells their goods and services on site.A digital business sells their goods and services online.What are the stages of a business life cycle?
1. Existence: Intro finally exists
2. Survival: Focus shifts to money
3. Success: Stable and profitable 1 / 2
4. Take-off: Expansion happens
5. Maturity: Business separates
What are the elements of a design thinking process?
1. Empathize: Research your users needs
2. Define: State the needs
3. Ideate: Create Ideas
4. Prototype: Create solutions
5. Test: Try Solutions
_____ multipage document.
Answers choices: Pitch Deck, Lean Canvas, or
Business Plan Business Plan _____ slide presentation
Answers choices: Pitch Deck, Lean Canvas, or
Business Plan Pitch Deck
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