INCubator @ BBCHS - Semester 1 - Final Exam Review

If you determine that the market for your product is small. In other words, there are not enough potential customers to support your business; this is called what kind of risk?

• CUSTOMER RISK

• PRODUCT RISK

• MARKET RISK

If you can’t determine how to make your product with a more unique value proposition than your competitors, you have described what type of risk?

• CUSTOMER RISK

• PRODUCT RISK

• MARKET RISK

If you are not sure that you can turn your idea into a viable and profitable business, you are describing what type of risk?

• CUSTOMER RISK

• PRODUCT RISK

• MARKET RISK

When completing the cost structure section of the BMC, which of the following would you add to it?

• Expenses needed to build your product

• Anticipate profit margins

• Anticipated revenue

The expenses needed to run your business would fall into which section of the business model canvas? Select one.

• Cost Structure

• Revenue Streams

• Solution

What are included in Revenue Streams on the BMC?

• 1. Monies brought into the company

• 2. Expenses needed to run the company

• 2. Pricing of product deals

Which of the following would be added to the Revenue Streams on the BMC?

• Income from sales

• Cost of materials

• Expenses for rent

Which of the following would be added to the Revenue Streams on the BMC?

• Cost of goods sold

• Staff salaries

• Payment from customers

The way a customer can purchase or gain access to a product/service falls into which section of the business model canvas?

• Channels

• Customer Relations

• Solution

Which of the following are channels?

• A commercial about the product

• The company's TV ad

• The online shop of the company's product