Lean Canvas Business Model Quiz

What is a lean canvas business model?

• A detailed financial report of a business

• A marketing strategy for a new product

• A comprehensive analysis of industry trends

• A precursor to a business plan

The lean canvas is the same as the business model canvas

• True

• False

What are the advantages of using the lean canvas business model?

• It is simple to create without any research skills and little business knowledge.

• It helps in identifying key business aspects and creating a focused plan for a startup or new business.

• It has no impact on business planning

• It is too complicated for small startups

Compare the lean canvas model with other business models.

• The lean canvas model is more concise and actionable compared to the Business Model Canvas

• The lean canvas model is outdated compared to traditional business models

• The lean canvas model is more complex compared to traditional business models

• The lean canvas model is less actionable compared to traditional business models

The most important thing to consider about a "problem" in the lean canvas is

• problems are a part of life; we need to rise above them

• it should be universal; most everyone has this problem

• it should be well-defined and its solutions specific to target market(s)

• it is the least important block in the canvas

A minimum viable product (MVP) has

• the minimum set of features to support your value proposition

• the smallest amount you should produce to test the market

• is not a part of the solution(s) in lean canvas

• can help you define the problem

Channels in the lean canvas

• does not include distribution channels since they are not a means to communicate your value proposition

• include marketing, communication, and distribution channels

• does not include marketing; this is covered under customer segments

• is the pipeline to communicate your value proposition to your suppliers

Choose the best answer:

Key metrics in the lean canvas helps you define

• how you are going to measure customer satisfaction

• how you are going to choose your market

• how you are going to measure success

• what solution is going to be the best fit for the market

Choose the best answer:

What should you put under "cost structure" in the lean canvas?

• only the key costs

• all costs incurred for you to be able to sell your product/service

• the costs to start the business

• the revenue earned from sales

The number of visitors to your website might be a key metric

• True

• False