1.01Lean Canvas Model

Front

One who organizes, manages, and assumes the risks of a business or enterprise is a(n) _____?

Back

Entrepreneur

Front

The _______ is a fluid, a simple diagram that captures a business model.

Back

Lean Cavas Model

Front

Which part(s) of the lean canvas model (LCM) should you use when brainstorming a business concept?

Back

Problem and Customer segments

Front

In the Customer Segments part of the LCM, you want to identify and list your ______.

Back

target customers

Front

A clear statement of the benefits the solution will provide to customers that are different from and superior to the benefits provided by competing products is known as a product's _________.

Back

unique value proposition

Front

Channels are the pathways to customers. How is this accomplished?

Back

Advertising

Front

If you made 24 brownies and the ingredients cost $5.50 and you sold them for $0.50 each. What would be your profit/loss margin?

Back

$6.50 profit

Front

If you make 12 cupcakes to sell at a bake sale and the ingredients cost $16 and you sold them for $1.25 each. What be your profit/loss margin?

Back

$1 loss

Front

Business expenses that are the same every month no matter what (rent, salaries, insurance) are __________, while expenses that are _______ fluctuate ( ex. water bill, advertising, supplies)

Back

fixed, variable

Front

Indicators for evaluating factors that are crucial to the success of a business are ________

Back

key metrics