
Week 6 Entrep
Quiz
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Business
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Professional Development
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Practice Problem
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Hard
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8 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Ash Maurya, the creator of Lean Business Model Canvas, concluded from his years of research that many business ideas have failed because
Lack of funding
Poor management of company
Product/service does not meet the needs of the target customers
Price of product/service is set too high
2.
FILL IN THE BLANK QUESTION
1 min • 1 pt
By validating the “Customer Segment” of Lean Business Model Canvas, besides determining the potential market size, you should also ascertain the _____________.
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How do you validate the Problems faced by the Customer Segment?
Carry out empathetic interviews.
Determine the roots cause of the problems.
Ascertain the existing alternatives used to solve these problems.
All the above.
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The Unique Value Proposition of a Financial Plan for Retirement offered by a bank should be:
To provide a sum of money for retirement.
To enable regular savings before retirement.
To offer a comfortable lifestyle after retirement.
To accumulate enough inheritance for the children.
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When showing the proposed product/service to the Customer Segment, it is important to
Present a Minimum Viable Product.
Ask for improvement or feedback.
Find out the affordable price range.
All the above.
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If you are proposing a product aiming at polytechnic students, which promotion channel you are least likely to use?
Newspapers
In-game advertisements.
Social media.
Outdoor advertisements.
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
For a promotion campaign through social media, how will you know its effectiveness?
The number of likes.
The subscription rates.
The response rate.
All the above.
8.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
From the list below, which is the best way to strengthen your Unfair Advantage to raise the entry barrier of competitors?
Seek collaborations with organisations which have high concentration of your Customer Segments.
Price the product/service below cost to attract customers.
Give the product/service free to anyone as they will pass to others.
All the above
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