Business Idea Analysis and Pitch Quiz

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What is the purpose of turning the assumptions underlying your business idea into clear hypotheses?

To obscure the potential risks

To deceive potential investors

To complicate the testing process

To make it easier to test the validity of your idea (correct)

What is the purpose of the Customer Profile in the Value Proposition Canvas?

To deceive potential customers

To complicate the value creation process

To clarify customer understanding (correct)

To describe the features of a specific value proposition in a business model

What is the purpose of the Value (Proposition) Map in a business model?

To add complexity to the value proposition

To obscure the products and services offered

To describe how value is created for customers (correct)

To deceive potential investors

Why is it important to verify that a business idea meets some of the minimum market requirements?

To ensure that the idea is viable in the market Signup and view all the answers

What happens when one achieves fit between the Customer Profile and the Value Map in the Value Proposition Canvas?

One meets the other and creates value for the customer Signup and view all the answers

Which activity involves preparing an elevator speech to convince others about a business idea?

New Business Creation Activity 3A Signup and view all the answers

What is the primary purpose of the Value Proposition Canvas?

To describe the customer understanding and value creation in a business model Signup and view all the answers

Why is it important to turn the assumptions underlying a business idea into clear hypotheses?

To make explicit the risks that the idea won’t work Signup and view all the answers

What is the purpose of the Value (Proposition) Map in a business model?

To describe the features of a specific value proposition in a more structured way Signup and view all the answers

What happens when one achieves fit between the Customer Profile and the Value Map in the Value Proposition Canvas?

One meets customer understanding with value creation in the business model Signup and view all the answers

Business Idea Analysis and Pitch Quiz

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Questions and Answers

What is the purpose of turning the assumptions underlying your business idea into clear hypotheses?

What is the purpose of the Customer Profile in the Value Proposition Canvas?

What is the purpose of the Value (Proposition) Map in a business model?

Why is it important to verify that a business idea meets some of the minimum market requirements?

What happens when one achieves fit between the Customer Profile and the Value Map in the Value Proposition Canvas?

Which activity involves preparing an elevator speech to convince others about a business idea?

What is the primary purpose of the Value Proposition Canvas?

Why is it important to turn the assumptions underlying a business idea into clear hypotheses?

What is the purpose of the Value (Proposition) Map in a business model?

What happens when one achieves fit between the Customer Profile and the Value Map in the Value Proposition Canvas?

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