USP
What does USP stand for?
Unique selling proposition.
How many types of business activities are there?
3
How many steps are there when you are starting a business?
6 steps
Business does not play a crucial role in society True or false
False
What does a USP do for your company?
What activities support the primary activities?
Secondary
What is a written document that outlines the goals, strategies and finical projections for a business?
A business plan
Businesses are major what?
Job creators
A USP should be..?
unique and memorable
Secondary
When starting a business you should understand tax obligations True or False
True
What is a benefit for having a USP?
Helps differentiae your brand from competitors./ Makes it easier to communicate your value proposition./ Improves brand recognition and customer loyalty
What are primary activities
Core activities that involve the production and delivery of goods and services.
How do you protect your intellectual property?
By trademarking your business name or logo
How do you create a strong USP?
Identify your strengths and emphasize them in your marketing materials.
Which of these isnt not a tertiary activity: Healthcare, Education, Farming, Banking
farming
Creating a financial plan that includes budgeting and forecasting is step 6 of creating a Business plan True or False
False
What are business expected to contribute.
positively to society through ethical practices and CSR responsibilities