Study for ESB Domain 3

Study for ESB Domain 3

9th - 12th Grade

39 Qs

quiz-placeholder

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Study for ESB Domain 3

Study for ESB Domain 3

Assessment

Quiz

Business, Life Skills, Computers

9th - 12th Grade

Practice Problem

Medium

Created by

Laura Jennings

Used 15+ times

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39 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Put the Phases of the Product/Market Fit Hypothesis in order [1. idea state]

We develop an idea (conceptualize) for a product or service.
middlemen in the indirect distribution channel (wholesalers, retailers, agents, and brokers)

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Put the Phases of the Product/Market Fit Hypothesis in order [2. Prototype phase]

Identify how your product or service solves customers problems. You will create a MVP product.
We develop an idea (conceptualize) for a product or service.

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Put the Phases of the Product/Market Fit Hypothesis in order [3. launch stage]

Company is legally formed and sales start to occur. Your company will create a value hypothesis to articulate why customers should use your product.
Identify how your product or service solves customers problems. You will create a MVP product.

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Put the Phases of the Product/Market Fit Hypothesis in order [4. traction]

Sales gain momentum. Growth begins. This is the MONETIZATION phase
Company is legally formed and sales start to occur. Your company will create a value hypothesis to articulate why customers should use your product.

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Put the Phases of the Product/Market Fit Hypothesis in order [5. customer development]

Analyze customer feedback. Change markets. Explore new product lines.
Sales gain momentum. Growth begins. This is the MONETIZATION phase

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Put the Phases of the Product/Market Fit Hypothesis in order [6. growth]

Continue to refine and evaluate your product market fit.
Analyze customer feedback. Change markets. Explore new product lines.

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

when do you know that you have reached Product/Market Fit? Choose 2

when customers tell others to buy your product/ service, sales volume is high and continues to grow
Continue to refine and evaluate your product market fit.

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