Entrepreneur 2nd Semester Final Mod 3-6

Which statement provides a valuable assumption about the use of Customer Discovery?

Changes to product or service design should be made based on observable, timely data.

Name That Artist:

When determining whether to persevere, pivot, or iterate, which sections of the Business Model Canvas might be revised?

Select the key advantages as they apply to: C-Corp (default corporation)

Name That Artist:

Customer Relationships are critical to an entrepreneur's success. Which statement below is false.

Customer Segments refers to ______.

What is most important when it comes to customers?

Honoring one's obligation to repay a loan is described as this "C" (5 Cs of Credit).

Which of the 4 "P's" of marketing pertains to advertising?

The Lean Startup Method aims to help startups by focusing on:

The purpose of the Minimum Viable Product is to:

A financial document that explains how cash is being used during a period of time.

Select the best definition for: Psychographics

Which of the 4 "P's" of marketing deals with financial aspects of your product?

Select all the process that does not fall under Market Research for entrepreneurs:

This process is used to plan for upcoming revenues and expenses.

Select the key advantages as they apply to: Nonprofit

Name That Company:

Which item is NOT a possible revenue stream for a business?

The different ways that a business plans to generate a profit.

Select the best definition for: Demographics

The amount, or percentage, added to the costs of a product to arrive at the selling price.

Why is the word "Lean" critical in the Lean Startup Methodology of starting your startup?

Ones's financial ability to repay a loan with present income is described as this "C" (5 Cs of Credit).

What do the letters MVP stand for in Entrepreneurship?

Target Markets can be everyone.

If you need to borrow money, the money you already have describes this "C" (5 Cs of Credit).

Name That Movie:

Bootstrapping is a method or raising funding for a startup and utilizes all resources such as investors and banks.

Which of the following resources could provide you with Secondary Research Data?

The property that you can let the lender keep until the loan is paid off is described as this (5 Cs of Credit).

Calculate the ROI: You invest $5,000 in a mutual fund, in six months the value of the mutual fund is $5,500.

If you company made $6,500 in revenue and had expenses of $6,300. What profit or loss would be reported on the income

Select the definition that best describes: Iterate

Select the key advantages as they apply to: (Sole) Proprietorship

Select the key advantages as they apply to: General Partnership

Entrepreneurs pay for these expenses once, at the beginning of a business, and often include things like equipment/lease

Name That Movie:

Select the best definition for: Geographic

Which statement accurately desribes why an entrepreneur should understand the concepts of branding?

Name That Show:

These expenses are paid regularly, and often includes things like payroll, rent, inventory, and marketing.

Net profit or loss is shown on this financial document.

Select the definition that best describes: Iteration

Select the best definition for: Buying Behavior

A ratio that compares the gain or loss from an investment relative to its cost.

Select the key advantages as they apply to: LLC

Name That Company:

Define Channel from a marketing perspective.

Select the definition that best describes: Pivot

Most entrepreneurs secure funding for their new business by looking into their personal savings or their friends/family.

Select the definition that best describes: Persevere

Select the key advantages as they apply to: S-Corporation

What role do customers play in the success of a product/business?