Section 3

in addition to identifying the problem a product or service solves a value hypothesis should promote things like product features, pricing and the ____ as a means of enticing potential customers to purchase the product

• materials

• production cost

• business model

• buyer fees

a minimum viable product is a prototype used to test ease-of-use and ______

• cost

• viability

• performance

• functionality

what should one research before creating a product?

• what is required to make the product

• how much money investors are willing to invest in the product

• How much it will cost to compensate employees

• the number of products that will need to be produced

Buying office space is ______ in the long run in comparison to leasing.

• less expensive

• less difficult

• more expensive

• more difficult

when it comes to setting one's own quality standards one must ensure they are ______

• profitable

• measurable

• written

• reviewed

what are two main types of distribution channels?

• physical

• digital

• indirect

• direct

what do fulfillment centers do?

• strategically store a company's products so that the product can be quickly picked up and sent out

• store products indefinitely but have slow shipping times

• temporaily store products for retail stores

• strategically store a company's producers so that the product can be picked up by the customer