Mini-Quiz: Be First or Be Better When Starting Your Business

1. Do all first products take a long time to be successful?

   Yes, as indicated by the time it took Amazon to earn a profitSorry, not correct. Try another button. There are no statistics to indicate one way or anotherGood try, but not right. Select another answer. No, since the Gillette safety razor was almost immediately successfulThat is correct. You understand about starting a business.

2. When might providing a better service than others not result in success?

   A new company with a better service will always come out on topOops! Wrong answer. Re-read the question and try again. If the market is too crowded to make a profitCorrect. You are smart! When you advertise on televisionSorry, not correct. Try another button.

3. What is needed for a new type of product to be successful?

   There must be a pent-up demand for such a productThat is correct. You understand about starting a business. Nothing new can succeed these daysOops! Wrong answer. Re-read the question and try again. It should be priced close to being freeGood try, but not right. Select another answer.

Pick an answer to see instant feedback. Re-read the lesson if you miss one.