MANAGEMENT

BUISENESS MANAGEMENT

MARKETING

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Why do so many entrepreneurs REALLY want to be on the show Shark Tank?
A
Because the panel of venture capitalist might want to buy the product.
B
Because friends and family members will be impressed with the sales pitch.
C
Because an appearance on the show is worth millions of dollars in free marketing.
D
Because it is an opportunity to practice the sales pitch in front of good judges.
Explanation: 

Detailed explanation-1: -The urge for companies to go on Shark Tank is usually for marketing, as companies actually have to give a small percentage of their company to ABC before going on the show. So, if the business does not get a deal, the marketing doesn’t work, or their negotiations aren’t even aired, then the contestants are screwed.

Detailed explanation-2: -Because, as with many companies that are just starting up, the business might have lots of promise for the future, but need money to fund its early stage, or for growth.

Detailed explanation-3: -It’s important to note that while the sharks are paid to be on the show, the money they invest in the entrepreneurs’ companies-if they choose to do so-is all their own. The money that Shark Tank investors offer is their own money and is not provided by the show.

Detailed explanation-4: -One of the key reasons why youngsters are hooked to Shark Tank India is that it is a one-of-a-kind Indian show based on business strategy and investment. It offers a great deal of insight into entrepreneurship.

There is 1 question to complete.