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?

  • 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?

    <p>To ensure that the idea is viable in the market</p> 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?

    <p>One meets the other and creates value for the customer</p> Signup and view all the answers

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

    <p>New Business Creation Activity 3A</p> Signup and view all the answers

    What is the primary purpose of the Value Proposition Canvas?

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

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

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

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

    <p>To describe the features of a specific value proposition in a more structured way</p> 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?

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

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