CCS-MCQ-3

 

  1. What is the primary goal of the startup ideation phase? a) Developing a business plan b) Generating and refining ideas c) Securing funding d) Launching the product

    Answer: b) Generating and refining ideas

  2. What is the initial step in the startup ideation phase? a) Building a prototype b) Identifying problems or opportunities c) Creating a business model d) Seeking mentorship

    Answer: b) Identifying problems or opportunities

  3. What activity is commonly used during the ideation phase to generate a wide range of ideas? a) Market research b) Brainstorming sessions c) Creating a business model canvas d) Conducting customer surveys

    Answer: b) Brainstorming sessions

  4. What is the purpose of research and validation during the ideation phase? a) Narrowing down ideas b) Building prototypes c) Securing funding d) Creating a business model

    Answer: a) Narrowing down ideas

  5. What is unique value proposition (UVP)? a) The cost structure of the business b) The revenue potential of the business c) What sets the business apart from competitors d) The target market for the business

    Answer: c) What sets the business apart from competitors

  6. What is an iterative process during the startup ideation phase? a) Narrowing down ideas b) Identifying problems or opportunities c) Building a prototype d) Refining ideas based on feedback

    Answer: d) Refining ideas based on feedback

  7. What is an essential step before deciding which idea to pursue as the foundation for a startup? a) Building a prototype b) Securing funding c) Seeking mentorship and feedback d) Creating a business model

    Answer: c) Seeking mentorship and feedback

  8. What is the ultimate outcome of the startup ideation phase? a) Launching the product b) Building a prototype c) Generating revenue d) Deciding on a business idea to pursue

    Answer: d) Deciding on a business idea to pursue

  9. What factor is considered when evaluating ideas during the ideation phase? a) The number of competitors in the market b) Personal interests and passions c) The size of the initial investment required d) The level of risk involved

    Answer: b) Personal interests and passions

  10. Which activity helps entrepreneurs assess the feasibility and potential market demand of their ideas? a) Brainstorming sessions b) Building prototypes c) Market research and validation d) Creating a business model

Answer: c) Market research and validation

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