Week 9 Lecture

What does MVP stand for

• Minimum Viable Product

• Most Valuable Player

• Most Valuable Product

Which is not a part of the lean concept process

• Learn

• Measure

• Build

• Set and Forget

Which of the following is NOT an advantage of an MVP?

• Ability to gain customer insights

• Less time spent on research and development

• Ability to apply for crowdfunding

• Ability to plan and finalise a product from day one

Mr Yum is a form of which type of prototyping?

• Concierge

• Smoke Test

• Wizard of Oz

When is the Business Canvas due?

• Friday Week 10

• Friday Week 12

• Week 10 before the lecture

Kodak's original business structure was...

• Bait and Hook

• Freemium

• Longtail

• Multi-Sided platform

Zappos first tested the viability of it's business using which form of prototyping?

• Wizard of Oz

• Smoke Test

• Pre-ordering

• Concierge

A pandemic is an example of what type of risk?

• External

• internal

A lack of employee incentive is a type of what risk?

• External

• Internal