2. Feasibility analysis involves:

a) Evaluating the potential profitability of an opportunity

b) Identifying the target market for a business idea

c) Developing a marketing strategy for a new venture

d) Conducting a SWOT analysis for a startup

3. Which of the following is an external factor to consider during feasibility analysis?

a) Management skills of the entrepreneur

b) Market demand for the product/service

c) Access to financial resources

d) Competitive advantage of the business

4. A business model describes:

a) The unique selling proposition of a product

b) The financial projections of a startup

c) How an organization creates, delivers, and captures value

d) The target market segment for a new venture

5. Which of the following is NOT a component of a business model canvas?

a) Key activities

b) Customer segments

c) Market research findings

d) Revenue streams

6. When developing a business model, customer validation involves:

a) Identifying potential customers for the product/service

b) Conducting market research to understand customer preferences

c) Testing and validating the business idea with actual customers

d) Analyzing competitors' pricing strategies

7. The purpose of a value proposition in a business model is to:

a) Identify the target market segment

b) Outline the marketing and sales strategies

c) Differentiate the product/service from competitors

d) Determine the cost structure of the business

8. Which of the following is a characteristic of a scalable business model?

a) Heavy reliance on a physical store

b) High operating costs and low profit margins

c) Ability to grow rapidly without increasing costs proportionally

d) Limited target market with niche customers

9. Which of the following is NOT a common revenue model for online businesses?

a) Subscription-based model

b) Advertising-based model

c) Franchise-based model

d) Transaction-based model

10.One key benefit of a well-developed business model is:

a) Guaranteed success and profitability

b) Protection from competition and market risks

c) Flexibility and adaptability to changing market conditions

d) Elimination of the need for marketing and sales activities