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Questions and Answers
What is the definition of a company's vision?
What is the term for the most difficult stage of the technology life cycle for a product to move through?
Which type of customers are bound by tradition and price and are consequently the hardest to convert?
What is the term for the act of designing a product offering to occupy a distinctive place in the target customer's mind?
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What is the term for a segment of the market that absolutely needs a product and acts as partners?
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What is the sequence of business development stages in the PDM model?
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What is the primary focus of the Product Development Model?
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Which of the following is NOT a key step in the Customer Development Model?
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What is the main idea behind the Golden Circle concept (Sinek theory)?
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What determines the size of a startup's market?
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What is the main characteristic of companies that change the future?
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What is the primary concern of a startup in its early stages?
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What is the definition of entrepreneurship?
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What is an important aspect of the Business Model Canvas?
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What is one of the three frameworks that make a product compelling?
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What is NOT a risk to be considered when trying to find if an idea is good or not?
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What is the definition of strategy?
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What is the correct statement about the business model?
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What is an essential characteristic of a vision statement?
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What is the primary difference between a vision and a mission statement?
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Which of the following is NOT a characteristic of a mission statement?
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What is the primary purpose of the 'Why' in the Golden Circle?
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What is the correct order of the Golden Circle?
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What is the benefit of having a clear and concise mission statement?
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What is the key element that successful brands start with according to the Golden Circle?
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What is the primary purpose of a business model?
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What is the outcome of applying creativity to develop unique ideas?
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What is the primary focus of a business plan?
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What is the key characteristic of the Golden Circle?
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What is the definition of creativity?
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