All expenses required to start your business

• Lean Canvas Model

• Start-up Costs

• Cost Structure

• Business Concept

The favorable position an organization seeks in order to be more profitable than its competitors

• Lean Canvas Model

• Unique Value Proposition

• Key Metrics

• Competitive Advantage

An idea for a new business that can be tested

• Cost Structure

• Lean Canvas Model

• Business Concept

• Start-up Costs

Unique Value Proposition is a single, clear compelling message describing a business mission statement

• True

• False

Competitive advantage is the particular group a business is interested in making the focus of all the company's efforts.

• True

• False

A Lean Canvas Model is a fluid, simple diagram that captures a business model.

• True

• False

What does LCM stand for?

• Lower Cash Meals

• Lean Canvas Model

• Let's Clean More

• Lean Canvas Menu

What is the LCM used for

• Creating a gluten free menu

• Brainstorming ideas for natural disaster relief

• Learning how to find a job

• Identifying a problem through entrepreneurship

How many steps/questions are there in the LCM?

• 6

• 7

• 9

• 10

What two categories best describe the segmentation of the LCM?

• Product and Promotion

• Price and People

• Advertising and Creativity

• Solution and Cost