stud
bud
Sign up
Log in
Home
Library
Explore
SAT
More
FoodNut II 1.01 Flashcards | StudBud
Explore
/
FoodNut II 1.01
FoodNut II 1.01
10 terms
·
StudBud Administration
·
125 plays
#LCM
Flashcards
10 cards
F
Practice quiz
P
Host live
L
Questions
10
Answers
1
What is LCM used for?
Creating a gluten free menu.
Brainstorming ideas for natural disaster relief
Learning how to find a job.
Identifying a problem through entrepreneurship
2
What step of the LCM do you identify who will need to buy your product?
Customer Segments
Solution
Unique Value Proposition
Problem
3
What section of the LCM allows you to identify what current issue may need a solution?
Cost Structure
Problem
Customer Segments
Channels
4
What step of the LCM allows you to list all of the fixed & variable costs needed?
Problem
Revenue Streams
Cost Structure
Key Metrics
5
What step of the LCM allows you to discuss how you will get the word out about your idea?
Channels
Solution
Competitive Advantage
Revenue Streams
6
What does LCM stand for?
Lower Cash Meal
Lean Canvas Menu
Lets Clean More
Lean Canvas Model
7
What step of the LCM includes the single, clear message that pulls unaware customers in?
Problem
Cost Structure
Unique Value Proposition
Solution
8
How many steps/questions are there in the LCM?
10
6
7
9
9
What two categories best describes the segmentation of the LCM?
Solution & Cost
Product & Promotion
Advertising & Creativity
Price & People
10
What is step 1 of the LCM?
Customer Segments
Problem
Cost Structure
Solution
