ESB Final Exam Domain # 3

One can expect their sales volume to be __________ when they are in product/market fit.

Product/market fit is making a product or ________ that many people want.

A business must provide customers with quality products to maintain customer __________.

A Minimum Viable Product (MVP) is a___________ used to test ease-of-use and functionality to help determine the user's experience and ultimately improve the user's experience with the product.

• detailed design
• final product
• prototype
• concept sketch

Product/market fit is making a product or service that many people want. One has reached product/market fit when their sales volume is high and continues to grow because customers buy the products and recommend them to others. Companies go through different phases to reach product/market fit. These phases are the idea stage, the prototype stage, the launch stage, the traction stage, the monetization stage, and the growth stage.

In which stage should one develop a value hypothesis?

Product/market fit is making a product or service that many people want. One has reached product/market fit when their sales volume is high and continues to grow because customers buy the products and recommend them to others. Companies go through different phases to reach product/market fit. These phases are the idea stage, the prototype stage, the launch stage, the traction stage, the monetization stage, and the growth stage.

In which stage do sales gain momentum?

Product/market fit is making a product or service that many people want. One has reached product/market fit when their sales volume is high and continues to grow because customers buy the products and recommend them to others. Companies go through different phases to reach product/market fit. These phases are the idea stage, the prototype stage, the launch stage, the traction stage, the monetization stage, and the growth stage.

In which stage is a Minimum Viable Product (MVP) created?

Product/market fit is making a product or service that many people want. One has reached product/market fit when their sales volume is high and continues to grow because customers buy the products and recommend them to others. Companies go through different phases to reach product/market fit. These phases are the idea stage, the prototype stage, the launch stage, the traction stage, the monetization stage, and the growth stage.

In what stage does one find their product/market fit?

Product/market fit is making a product or service that many people want. One has reached product/market fit when their sales volume is high and continues to grow because customers buy the products and recommend them to others. Companies go through different phases to reach product/market fit. These phases are the idea stage, the prototype stage, the launch stage, the traction stage, the monetization stage, and the growth stage.

In which stage does one start to earn revenue?

Product/market fit is making a product or service that many people want. One has reached product/market fit when their sales volume is high and continues to grow because customers buy the products and recommend them to others. Companies go through different phases to reach product/market fit. These phases are the idea stage, the prototype stage, the launch stage, the traction stage, the monetization stage, and the growth stage.

In which stage does one develop a concept for a product or service?