ENTR bell work flashcard (RBP sessions 3-4) 112024

Front

How are customer segments defined?

Back

categories of individuals who might purchase a product

Front

Why are customer channels important?

Back

They help businesses find the best way to communicate with potential customers.

Front

What is the difference between fixed and variable costs?

Back

Fixed costs stay the same and variable costs change based on output.

Front

What are key metrics?

Back

important measurable data about a business's performance

Front

What is the best way to convey the Unique Value Proposition (UVP) of a business?

Back

communicate with customers in a clear statement explaining what makes the product unique and valuable

Front

Which section of the Lean Canvas captures a description of the business's high-level concept?

Back

Unique Value Proposition