ESB Domain 3 Prep

ESB Domain 3 Prep

12th Grade

16 Qs

quiz-placeholder

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ESB Domain 3 Prep

ESB Domain 3 Prep

Assessment

Quiz

Business

12th Grade

Practice Problem

Hard

Created by

Kevin Weaver

Used 6+ times

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16 questions

Show all answers

1.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

Which three statements help define a Market/Fit Hypothesis? (Choose THREE)

A rapid growth hypothesis ensures market/fit

Product/market fit can be predicated with direct-to-customer sales.

Product/market fit exists when you have the right solution to a problem worth solving.

A fit exists when people need your product rather than just seeing a potential benefit of using it.

When users love your product so much they tell other people to use it.

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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.

business model

materials

buyer fees

production cost

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A minimum viable product (MVP) is a prototype used to test ease-of-use and _____.

functionality

performance

cost

vibility

4.

MATCH QUESTION

1 min • 1 pt

Match the following product/market stages

Traction

Identify how a service or product solves customers' problems

Monetization

The business is legally formed, and sales start to occur

Idea

Sales gain momentum and a business starts to grow

Prototype

A business starts to earn revenue

Launch

Develop an idea for a product or service

5.

REORDER QUESTION

1 min • 1 pt

Arrange the phases of product/market fit in the correct order

Prototype

Launch

Traction

Idea

Growth

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Product/market fit occurs when a business continues to grow due to customer demand.

True

False

7.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

You create a new strategy for lawncare services that involves assessing lawn health, applying the correct herbicides and pesticides and other necessary solutions to quickly bring a lawn back to health.

What are three things you will need to consider regarding the mass delivery of your service? (Choose THREE)

Establishing quality control measures and accountability.

Finding a source of materials to support your service.

Setting up your test marketing strategy

Creating an effective demonstration of your service for potential customers.

Training employees with the knowledge to consistently deliver the service.

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