Define elevator pitch and describe its key elements
What will be an ideal response?
An elevator pitch is a short two-to-three minute presentation aimed at convincing investors to invest. The key elements of an elevator pitch are an introduction, in which you state your name and position, your company's name and a tagline in which you compare what your company does to a well-known company; background, in which you state the origin of your idea, and the problem you are trying to solve, the industry size/market opportunity, in which you provide brief facts about the size of the market; revenue model/numbers/growth metrics, in which you provide insight into your company's revenue model and results thus far, how fast it is growing, and early adopters, if there are any; funding, in which you state the amount of funds you are seeking and what it will help you achieve; and finally exit strategy, in which you explain how your investors will achieve a return on their investment.
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The statement of cash flows classifies cash flow into ____________________, ____________________ and ____________________ activities
Fill in the blank(s) with correct word
A crime that is committed using computers, e-mail, the Internet, or other electronic means is commonly referred to as ________
A) larceny B) cybercrime C) forgery D) mail fraud and wire fraud
The following information is available for a company's utility cost for operating its machines over the last four months. MonthMachine hours Utility costJanuary900 $5,450February1,800 $6,900March2,400 $8,100April600 $3,600Using the high-low method, the estimated variable cost per machine hour for utilities is:
A. $4.22. B. $6.00. C. $3.38. D. $6.17. E. $2.50.
Which of the following best describes a company sales force?
A. A company sales force is composed of people both inside and outside the organization. B. A company sales force is a team set up to sell products to companies. C. A company sales force is made up of independent agents making cold calls. D. A company sales force is an organization that supplies sales reps to other companies. E. A company sales force is composed of people who are employees of the selling company.