Entrepreneurship and Customer Feedback
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Questions and Answers

What is the first step in creating a unique selling proposition?

  • Make a list of potential differentiators (correct)
  • Research the competition
  • Compile the data
  • Compare unique angles against audience needs

What should you aim for when creating a USP?

  • Common problems
  • Abstract ideas
  • Specific solutions (correct)
  • General benefits

Why should you research the competition?

  • To analyze their financial reports
  • To learn from their marketing strategies
  • To identify gaps in the market (correct)
  • To copy their USP

What should you do with the information gathered from research?

<p>Use it to refine your USP (D)</p> Signup and view all the answers

What is the purpose of identifying customer needs?

<p>To appeal to pain points (D)</p> Signup and view all the answers

What should you do with your strongest USP?

<p>Apply it across the business (A)</p> Signup and view all the answers

Why is precision important in marketing?

<p>It solves the exact right problem (D)</p> Signup and view all the answers

What is a common trait among strong USPs?

<p>They are all unique (D)</p> Signup and view all the answers

What happens when products are positioned differently in the same category?

<p>They can emphasize different aspects (A)</p> Signup and view all the answers

What is the ultimate goal of creating a USP?

<p>To differentiate your brand (D)</p> Signup and view all the answers

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