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Running a Business: Lesson 7 Quiz

Running a Business: Lesson 7 Quiz

To receive credit for taking this course through TSBDC, take the quiz below to demonstrate your knowledge. You must watch the entire video for the quiz to appear.

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Question 1 of 3

1. Question
What is the main goal of creating a strategic plan?
- To provide a sense of direction and purpose to the business.
- To increase sales.
- To generate leads.
- To create a brand.
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Question 2 of 3

2. Question
What are the four steps recommended in the strategic planning process?
- Defining or redefining the mission statement, re-evaluating the business plan, setting goals for the next time period, developing an internal system for tracking action steps.
- Increasing sales, generating leads, creating a brand, delegating tasks.
- Creating a budget, increasing marketing efforts, networking, outsourcing.
- Hiring more employees, expanding the business, implementing new technology, increasing advertising efforts.
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Question 3 of 3

3. Question
How often should you have strategic planning sessions?
- Once a year.
- Every two years.
- Once every five years.
- Once a year and once mid-year.
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