This quiz will test you on the main concepts for portion of the of the course. These questions comprises a combination of matching, true/false, and reorder questions. Answer all the questions and click on the “Finish Quiz” button below. You will have unlimited attempts and no time limit, but a total scoring of 80% will be required before you can complete the course.
Quiz 1/2- Start a Business in B.C.
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Question 1 of 7
1. Question
Drag and drop one definition to match each term.
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- costs are constant and not affected by level of production output
- Costs varies depending on the level of production output
- sale price/unit minus variable costs/unit
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Fixed costs
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Variable costs
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Contribution margin
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Question 2 of 7
2. Question
In business, what does USP stand for?
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Question 3 of 7
3. Question
Drag and drop one description to match with one customer characteristic below.
Sort elements
- Age, Gender, Income
- Personality, Lifestyle, Social class
- Climate, Region, City/Town
- Purchase occasion, benefits sought, loyalty
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Demographic characteristics
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Psychographic characteristics
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Geographic characteristics
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Behavioural characteristics
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Question 4 of 7
4. Question
5G is the fifth generation of cellular networks with download speeds with potential to reach up to 10 Gbit/s. The preceding statement describes a _______.
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Question 5 of 7
5. Question
Why is a business plan important? Select all those that applies.
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Question 6 of 7
6. Question
Writing a business plan can require a lot of research and planning. Once it’s written and complete, it doesn’t require revisions.
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Question 7 of 7
7. Question
The Executive Summary is the first section in a business plan and should be written first.
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