Business Risk Assessment Flashcard

Front

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?

Back

Customer Risk

Front

Not knowing if you can make the right product to solve customer problems would be considered what type of risk?

Back

Product Risk

Front

If you have determined that your costs might be greater than your revenue, you are describing what type of risk?

Back

Market Risk

Front

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

Back

Cost Structure

Front

Which of the following would be added to the Revenue Streams on the BMC? Income from sales, Cost of materials, Payment to workers, Expenses for rent

Back

Income from sales

Front

The money brought in to your business would fall into which section of the business model canvas?

Back

Revenue Streams

Front

Which of the following does channels address? How customers can purchase or gain access to a product/service. How customers are exposed to a product or service. How customers hear about a product. How customers tell others about a product.

Back

How customers can purchase or gain access to a product/service.

Front

Which of the following are channels? Select one: The company’s Facebook ad, The company’s TV ad, A commercial about the product, The online shop of the company’s product

Back

The online shop of the company’s product

Front

The way a customer becomes exposed to a product/service would fall into which section of the business model canvas?

Back

Customer Relationships

Front

Which of the following describes Key Metrics? Select one: Specific criteria a company will measure to determine success, Specific revenue streams a company anticipates receiving, Specific costs a company plans to incur, Specific values a company holds dear.

Back

Specific criteria a company will measure to determine success