Entr. Unit #4&5 2024

ROI stands for

The Lean Startup Method aims to help startups by focusing on maximizing profitability and company growth.

Based on Value Proposition, Target Market&MVP in the customer discovery phase, your assumptions were materially flawed

The amount added to the costs of a product to arrive at the selling price is called

Collateral for a car loan could include the title of the car.

Building a company from the ground up with nothing but personal savings and the cash coming from first sales

Which of the following are types of Customer Goals?

Which of the following are features one can offer the customer?

The triple bottom line replaces the motto of Profit is the bottom line, what are its components?

A successful Value Proposition results in finding a fit between customer needs & the delivered solution.

Entrepreneurs pay for these expenses once, at the beginning of a business, and often include equipment are called

A financial statement that shows revenues and expenses for a period of time is called a/an

Entrepreneurs pay for these expenses of a business, and often include rent, payroll, utilities are called

The Lean Startup Method aims to help startups by focusing on Mitigating risks & increasing the likelihood of success

Based on the Target Market & MVP in the customer discovery&test market phase, your assumption was materially flawed you

Innovation is the key to designing a winning product but creativity are just as important with funding your start up.

Budgeting is the process used to plan for upcoming revenues.

Which is NOT a possible revenue stream for a business?

? means to minimize the effort, resources, and time it takes to test the product,& decide whether or not to move forward

In Entrepreneurship what does MVP stand for?

Which of the following is not one of the 5 C's of Credit

Which of the 5 C's of Credit deal with the ability to repay, stable employment and borrowers integrity?

The Income Statement shows $1000 of revenue and $800 of expenses what is your profit or loss?

Calculate ROI: Sold investment for $300 that you paid $200 for.

The amount added to wholesale price is called (the)

Based on Value Proposition, Target Market&MVP in the customer discovery phase, your assumptions were proved correct

Devote the least amount of resources to develop the product&gauge potential customer interest&validate the product idea

A financial statement that explains how cash is being used for a period of time is called a/an

Based on Value Proposition, Target Market&MVP in the customer discovery phase, your assumptions were partially correct

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

Which section(s) of the Business Model Canvas might be revised when deciding to persevere, pivot or iterate?

ROI is a ratio that compares the gain/loss from an investment relative to its cost.

The wholesale price is the price charged to the customer.

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

Entrepreneurs pay for these expenses once, at the beginning of a business, and often include equipment are called