Correct Answer:
Want flexibility and freedom in the way they balance their personal and work lives
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In considering your target market, a ______ describes two or more customer segments that are linked but independent of each other.
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Correct Answer:
multisided market
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The approach to value proposition creation that focuses on your product or service relative to the competition, recognizing your offering as unique is called the ______ approach.
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Correct Answer:
points-of-difference
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Typically, customers face at least one of four problems that prevent them from getting a job done; people who don’t have the knowledge or ability to complete a task are experiencing ______.
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Correct Answer:
lack of skills
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A ______ is a conceptual framework that describes how a new venture creates, delivers, and captures value.
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Correct Answer:
business model
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The ______ is the most important part of your business model. As an element of the offering, it describes exactly what products or services your business offers and sells to customers.
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Correct Answer:
customer value proposition
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Which of the following is true about business models?
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Correct Answer:
A business model includes a network of activities and resources to create a sustainable and scalable business that delivers value to target customers.
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A ______ market is a small market segment comprising customers with specific needs and requirements.
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Correct Answer:
niche
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A business model has four core areas; ______ is the part of the business model that includes all the segments of your market that your product or service is geared toward.
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Correct Answer:
the customers
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A business model has four core areas; ______ is the part of the business model that defines the revenue and cost structures.
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Correct Answer:
the financial viability
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In the business model canvas, the infrastructure includes which of these elements?
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Correct Answer:
key partners
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Typically, customers face at least one of four problems that prevent them from getting a job done; entrepreneurial opportunities that deliver a previously unaffordable product or service address customer ______.
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Correct Answer:
lack of money
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In the business model canvas, the customers’ part relates to which of these components?
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Correct Answer:
channels
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A ______ is a large group of customers with very similar needs and problems.
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Correct Answer:
mass market
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A business model has four core areas; ______ is the part of the business model that identifies the value your business offers to customers.
Answer
Correct Answer:
the offering
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The ______ approach to value proposition, also known as the product-market fit approach, is an approach where you clearly describe why customers will really like your product and focus on what customers need and value.
Answer
Correct Answer:
resonating focus
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In segmented markets divided into groups according to customers’ different “_______ “
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Correct Answer:
needs and problems.
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Which type of value proposition that describes why people will really like your product and focuses on the customers and what they really need and value.
Answer
Correct Answer:
Resonating-Focus
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Product–Market Fit is an offering that ____.
Answer
Correct Answer:
meets the needs of customers.
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Resonating-Focus is a type of value proposition that focuses on the product or service relative to the competition and how the offering is different from others on the market.
Answer
Correct Answer:
False
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he value generated for those customers, and how you will reach and communicate with them is known as.
Answer
Correct Answer:
Offering
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Which market consists of customers with specific needs and requirements.
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Correct Answer:
Niche Market
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For multi sided markets best statement sorted
Answer
Correct Answer:
Multi Sided Markets
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Mass Market is large group of customers with
Answer
Correct Answer:
similar needs and problems.
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Lean Canvas is an adapted version of the BMC that was created to better address the needs of startup entrepreneurs.
Answer
Correct Answer:
Self-created version of the BMC
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The resources (people, technology, products, suppliers, partners, facilities, cash, etc.) that an entrepreneur must have in order to deliver the CVP is known as
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Correct Answer:
Infrastructure
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Defines the revenue and cost structures a business needs to meet its operating expenses and financial obligations are called ?
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Correct Answer:
Financial Viability
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The practice of hypothesizing, testing, and validating to create a business model are called
Answer
Correct Answer:
Evidence-Based Entrepreneurship
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In a diversified market two or more customer segments with different needs and problems that bear no relationship to each other.
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Correct Answer:
True
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In Entrepreneurship Skill who populate the segments of a market served by the offering.
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Correct Answer:
Customers
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Customer Value Proposition describes why a customer should buy and use your product or service.
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Correct Answer:
True
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A one-page plan that divides the business model into nine components in order to provide a more thorough overview are called .
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Correct Answer:
Business Model Canvas
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Which model describes the rationale of how a new venture creates, delivers, and captures value?
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Correct Answer:
Business Model
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Which type of value proposition that involves identifying and promoting all the benefits of a product or service to customer segments.
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Correct Answer:
All-Benefits
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