entrepreneurship

What is the first thing you enter into each section of the Business Model Canvas?

a guess

What is a startup?

a portfolio of activities that become a company

A start-up restaurant would need this key resource to deliver its value proposition.

an oven

The cost structure portion of the Business Model Canvas analyzes __________.

cost of key resources and activities

What is an example of a revenue stream for Amazon?

credit payments through the website

Whats part of the Five Principles of The Lean Startup?

entrepreneurs are everywhere

example of a customer segment of an airline:

first class passengers

On the Business Model Canvas, what are channels?

how a value is delivered to a customer

When considering key activities on the Business Model Canvas, what is one important factor?

how do the key activities improve the value proposition?

If data shows customers are not buying a company's product, it should ____________.

iterate and pivot

How do businesses know if they have a product customers will buy?

measure customer behaviors

Which of the following are Key Partners in the Business Model Canvas?

people or companies with whom you do business

According to The Lean Startup, what is value?

providing benefit to the customers

A value-driven company prioritizes ______________.

quality

What method is used to determine if your business model is on the right track?

scientific method

What is an example of a minimum viable product?

software with few features

What is the purpose of the Build-Measure-Learn feedback loop?

take what you learn and use it to improve

Which components of the Business Model Canvas should be addressed first?

value propositions and customer segments

Which of the following are elements of the Business Model Canvas?

value propositions and customer segments