Business Development: Process & Methods


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question 1 of 3

In business development, which is true about idea creation?

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1. _____ is determining if a project is worth going forward with.

2. Let's say you have an idea for a new product. You've determined that is going to be feasible to make and financially worth the trouble. What still needs to happen before implementing the idea?

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About This Quiz & Worksheet

These assessment tools will measure your comprehension of business development methodologies. Material that you should focus on includes idea creation and the concept that determines whether a project is worth doing.

Quiz & Worksheet Goals

In this quiz, you'll find questions that touch on the following:

  • Concept that determines whether or not a project is worth doing
  • What is done before unveiling a new idea
  • Information about idea creation
  • An outline of how a business is going to be run
  • Something that needs to be done before implementing a new idea

Skills Practiced

  • Reading comprehension - ensure that you draw the most important information from the related lesson on business development methodologies
  • Knowledge application - use your knowledge to answer a question about what is done before unveiling a new idea
  • Information recall - access the knowledge you've gained regarding an outline of how a business will be run

Additional Learning

Refer to the accompanying lesson titled, Business Development: Process & Methods, to learn more. The lesson includes the following objectives:

  • Recall what business development is
  • Learn about the importance of brainstorming
  • Identify the research and decision making that takes place when creating new business ideas and plans
  • Apply knowledge of lesson to examples of each step of business development