A minimum viable product (mvp) is:

The cheapest and quickest test of a product's viability

Why is it difficult to process everything that's going on in our lives?

There's a lot of water in the water.

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1st 6 weeks vocab - Entrepreneurship

11 termsStudBud Administration67 plays

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Questions 11

Answers

1
What is: The path a product or service takes on its way from the manufacturer or service provider to the consumer.
Product Pathway
Information Highway
Distribution Channel
Customer Gateway
2
If you show a product to a certain number of people, a certain number of people will buy it is the definition of:
The principle of persistence
Good salesmenship
Tracking your progress
The law of averages
3
What is: A business's game plan for reaching prospects and turning them into customers.
Market Strategy
Sales
Business plan
Order of operations
4
What is: A group of customers who have been identified as the most likely buyers of a company's product or service.
Focus Group
Customer Avatar
Super Customers
Target Market
5
A minimum viable product (mvp) is:
The goal for a lean startup
The least expensive product at Walmart
The smallest product in your product line.
The cheapest and quickest test of a product's viability
6
Personal qualities of a professional include all of the following but:
Dependable
Dependable
Making friends with your boss
Having integrity
7
Which of the below is not a market segmentation?
Metrographic
Buying Behavior
Geographic
Psychographic
8
When giving your problem pitch, you don't want to:
Clearly state the problem
Discover the problem
Make it personal
Elevate the problem
9
Why is it difficult to process everything that's going on in our lives?
We have to make decisions for ourselves
We can't handle the change
There's a lot of water in the water.
We don't have good leadership
10
Attitude is a way of viewing or thinking about something that can affect how you feel about it.
False
True
11
What is: The process of forming ideas. Idea generation.
Pivoting on your idea
Idea Testing
Process Analysis
Ideation

1st 6 weeks vocab - Entrepreneurship Flashcards | StudBud

1st 6 weeks vocab - Entrepreneurship

11 termsStudBud Administration67 plays

Imported from external platform

Flashcards11 cardsFPractice quizPHost liveL

Questions 11

Answers

1
What is: The path a product or service takes on its way from the manufacturer or service provider to the consumer.
Product Pathway
Information Highway
Distribution Channel
Customer Gateway
2
If you show a product to a certain number of people, a certain number of people will buy it is the definition of:
The principle of persistence
Good salesmenship
Tracking your progress
The law of averages
3
What is: A business's game plan for reaching prospects and turning them into customers.
Market Strategy
Sales
Business plan
Order of operations
4
What is: A group of customers who have been identified as the most likely buyers of a company's product or service.
Focus Group
Customer Avatar
Super Customers
Target Market
5
A minimum viable product (mvp) is:
The goal for a lean startup
The least expensive product at Walmart
The smallest product in your product line.
The cheapest and quickest test of a product's viability
6
Personal qualities of a professional include all of the following but:
Dependable
Dependable
Making friends with your boss
Having integrity
7
Which of the below is not a market segmentation?
Metrographic
Buying Behavior
Geographic
Psychographic
8
When giving your problem pitch, you don't want to:
Clearly state the problem
Discover the problem
Make it personal
Elevate the problem
9
Why is it difficult to process everything that's going on in our lives?
We have to make decisions for ourselves
We can't handle the change
There's a lot of water in the water.
We don't have good leadership
10
Attitude is a way of viewing or thinking about something that can affect how you feel about it.
False
True
11
What is: The process of forming ideas. Idea generation.
Pivoting on your idea
Idea Testing
Process Analysis
Ideation