Building and Growing

Quick Quiz

You’re managing your business and looking to the future. Do you know the essentials for business growth? Test your skills and get links to content that will help ensure your success.

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You can build customers’ interest in your business using:

A
Marketing, like an online ad
B
Branding, such as a logo or packaging
C
Smart product placement in your store
D
All of the above

Correct!

You can build customers’ interest in your business using marketing, branding and smart product placement. Reaching new customers is a great way to increase sales.

Not quite.

You can build customers’ interest in your business using marketing, branding and smart product placement. Reaching new customers is a great way to increase sales.

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Which of the following is NOT a way to increase the success of your business?

A
Track your performance
B
Boost sales
C
Increase your expenses
D
Analyze your budget

Correct!

Tracking your performance, boosting sales and analyzing your budget are ways to increase the success of your business. These are just a few methods of many that you can use to make your business more productive, successful and profitable.

Not quite.

Tracking your performance, boosting sales and analyzing your budget are ways to increase the success of your business. These are just a few methods of many that you can use to make your business more productive, successful and profitable.

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What does ROI stand for?

A
Return on investment
B
Real open inventory
C
Research on incentives
D
None of the above

Correct!

ROI stands for return on investment. It is a measure of what you get back as the result of an investment. The basic formula to find the ROI is to take the value of additional money earned and put it as a percentage of the initial investment.

Not quite.

ROI stands for return on investment. It is a measure of what you get back as the result of an investment. The basic formula to find the ROI is to take the value of additional money earned and put it as a percentage of the initial investment.

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Businesses that take an eco-friendly approach:

A
Can often take advantage of tax incentives
B
Don’t enjoy tax breaks
C
Are subject to higher environmental taxes
D
Will not have an impact on public health

Correct!

Businesses with an eco-friendly approach can often take advantage of tax incentives. Running a green business can also have a positive impact on the environment in your community and contribute to greater global environmental sustainability.

Not quite.

Businesses with an eco-friendly approach can often take advantage of tax incentives. Running a green business can also have a positive impact on the environment in your community and contribute to greater global environmental sustainability.

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A high debt-to-income ratio is one factor that can put your business at risk.

A
True
B
False

Correct!

A high debt-to-income ratio is one factor that can put your business at risk. To determine whether your debt load is more than you can afford, calculate your debt-to-income ratio by comparing your monthly revenue to your monthly debt payments.

Not quite.

A high debt-to-income ratio is one factor that can put your business at risk. To determine whether your debt load is more than you can afford, calculate your debt-to-income ratio by comparing your monthly revenue to your monthly debt payments.

Your Score

Amazing work

You’re a big-league budgeter — check out these tips to stay successful.

Nice job!

You have some key skills for building and growing a business. Check out these resources to learn more tips on improving your business and ensuring your success.

Keep learning

The key to building and growing is to gain management essentials in key business areas. Start with these resources to get on the road to success.


Do you know the basics of growing a business?

5Questions