Question 1

Infrastructure is made up of only the products and suppliers entrepreneurs must have to deliver CVP.

Accepted Answer

A) True 
 B)False

Question 2

What problem did IKEA solve for customers in its CVP?

Accepted Answer

A) lack of attractive low-cost furniture 
B) lack of do-it-yourself furniture 
C) lack of European designs 
D) lack of antique furniture 
A) lack of attractive low-cost furniture 
B) lack of do-it-yourself furniture 
C) lack of European designs 
D) lack of antique furniture

Question 3

As described in the text,the UK-based nonprofit Wayfindr provides software that can be used by anyone who needs audio instructions to help them navigate public transportation.For vision-impaired public transportation users,the software addresses what problem?

Accepted Answer

A) lack of time 
B) lack of money 
C) lack of skills 
D) lack of access 
A) lack of time 
B) lack of money 
C) lack of skills 
D) lack of access

Question 4

It is typically easier for new businesses to change their business model because new businesses ______.

Accepted Answer

A) have the capital to fund such changes 
B) have not yet formulated a business plan 
C) have no competitors 
D) tend to be smaller and more agile 
A) have the capital to fund such changes 
B) have not yet formulated a business plan 
C) have no competitors 
D) tend to be smaller and more agile

Question 5

The all-benefits approach is the most impactful for creating a value proposition because of its real insight into what the customer wants or needs.

Accepted Answer

A) True 
 B)False

Question 6

Explain the differences among the following customer segment types: niche market,segmented market,diversified market,and multisided market.

Accepted Answer

A niche market is a small market segment

Infrastructure is made up of only the products and suppliers entrepreneurs must have to deliver CVP.

What problem did IKEA solve for customers in its CVP?

As described in the text,the UK-based nonprofit Wayfindr provides software that can be used by anyone who needs audio instructions to help them navigate public transportation.For vision-impaired public transportation users,the software addresses what problem?

It is typically easier for new businesses to change their business model because new businesses ______.

The all-benefits approach is the most impactful for creating a value proposition because of its real insight into what the customer wants or needs.

Explain the differences among the following customer segment types: niche market,segmented market,diversified market,and multisided market.

Practicing Entrepreneurship

Activating an Entrepreneurial Mindset

Creating and Recognizing New Opportunities

Using Design Thinking

Developing Your Customers

Testing and Experimenting With New Ideas

Developing Networks and Building Teams

Creating Revenue Models

Planning for Entrepreneurs

Anticipating Failure

Bootstrapping and Crowdfunding for Resources

Financing for Startups

Navigating Legal and Ip Issues

Engaging Customers Through Marketing

Supporting Social Entrepreneurship

Financial Statements and Projections for Startups

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Exam 5: Building Business Models

Infrastructure is made up of only the products and suppliers entrepreneurs must have to deliver CVP.

What problem did IKEA solve for customers in its CVP?

As described in the text,the UK-based nonprofit Wayfindr provides software that can be used by anyone who needs audio instructions to help them navigate public transportation.For vision-impaired public transportation users,the software addresses what problem?

It is typically easier for new businesses to change their business model because new businesses ______.

The all-benefits approach is the most impactful for creating a value proposition because of its real insight into what the customer wants or needs.

Explain the differences among the following customer segment types: niche market,segmented market,diversified market,and multisided market.

Practicing Entrepreneurship

Activating an Entrepreneurial Mindset

Creating and Recognizing New Opportunities

Using Design Thinking

Developing Your Customers

Testing and Experimenting With New Ideas

Developing Networks and Building Teams

Creating Revenue Models

Planning for Entrepreneurs

Anticipating Failure

Bootstrapping and Crowdfunding for Resources

Financing for Startups

Navigating Legal and Ip Issues

Engaging Customers Through Marketing

Supporting Social Entrepreneurship

Financial Statements and Projections for Startups

The Pitch Deck

Filters