TLE-8
Understanding Business Viability Quiz
Test your knowledge on what makes a business sustainable and successful with this engaging quiz! Whether you're a budding entrepreneur or just curious about business concepts, this quiz will help you grasp the essential factors that contribute to business viability.
Key topics covered include:
- Cash management
- Unique selling propositions
- Profitability strategies
- Business stability
1. The most important factor that makes a business viable is that it has enough assets (cash and other reserve funds) for day-to-day operations and to weather the ups and downs that all businesses experience.
A. Business Viability
B. Unique Selling Proposition
C. Cash Stability
D. Stability
E. Profitability
2. This is a critical factor in having a viable business. Being unique keeps your business out in front of the competition. These individuals tend to generate and embrace new ideas and innovative ways of doing things.
A. Profitability
B. Unique Selling Proposition
C. Cash Stability
D. Business Viability
E. Stability
3. This is usually what everyone focuses on. Competing ideas are always ranked by their perceived earning potential, but the answer is not always clear.
A. Cash Stability
B. Stability
C. Business Viability
D. Unique Selling Proposition
E. Profitability
4. It means that a business is (or has the potential to be successful.
A. Unique Selling Proposition
B. Cash Stability
C. Business Viability
D. Profitability
E. Stability
5. Ideas that become antiquated before they even reach market are ideas that should be selected with extreme caution.
A. Stability
B. Profitability
C. Unique selling Proposition
D. Cash Stability
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