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💼AP Business with Personal Finance
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💼AP Business with Personal Finance

FRQ 1 – Business Canvas Project Exam-Day Validation
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Unit 1: Businesses, Competition, and New Ideas
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FRQ Types & Units

Each FRQ type tests specific skills taught in particular units. Here's why certain units appear for each question type:

This mapping reflects College Board's exam structure - each FRQ type tests specific skills that are taught in particular units.

Practice FRQ 1 of 11/1

1.

A.

Pitch your Business Canvas Project product.

  • a brief description of your product

  • your target customer profile

  • the problem, need, or want your product is intended to address

  • how or why your product creates value for customers

B.

Describe one reason a business would use a cost-based pricing strategy. Businesses typically formulate and test hypotheses related to pricing strategies.

C.

Explain how you tested a hypothesis about your pricing strategy in your Business Canvas Project.

  • your hypothesis

  • a research method you used

  • the evidence you collected

  • how the evidence shaped your decision making

D.

Access to external financial capital may be a problem for entrepreneurs with a new idea.

i.

Describe a purpose of external financial capital in business.

ii.

Explain why access to external financial capital does or does not represent a challenge to the viability of your Business Canvas Project product idea. Your response should include evidence that supports your explanation.

Business Canvas Project

This question asks about your own Business Canvas Project. Choose what to answer with before you start.

Timed

00:00

Response auto-saves

Choose a Business Canvas Project in the question panel to start this response.

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FRQ Directions
Free Response Question Practice

This practice environment simulates the AP AP Business with Personal Finance Free Response Questions section. Here are some guidelines:

  • Read each question carefully before responding. Pay attention to command verbs like "identify," "explain," "analyze," or "evaluate."
  • Use the timer to practice time management. You can pause, restart, or hide the timer as needed.
  • Mark for Review if you want to come back to a question later.
  • Your responses are saved automatically as you type. You can also use the drawing tool for questions that require diagrams or graphs.
  • Use the toolbar for formatting options like bold, italic, subscript, and superscript.
  • Navigate between questions using the Previous and Next buttons at the bottom of the screen.

Tip: Answer all parts of each question. Partial credit is often available, so even if you are unsure, provide what you know.