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Value Proposition & Lean Canvas

Total questions: 10

Worksheet time: 6mins

Name
Class
Date
1.

Entrepreneurs change the world by

a)

Sharing their ideas

b)

Thinking of new things.

c)

Implementing new and big ideas.

d)

Learning new technologies.

2.

Which of the following is NOT recommended in the empathize mode?

a)

Observing users and their context.

b)

Understanding physical and emotional needs of the users.

c)

Listening to the stories that users may have.

d)

Working away on your laptop while the user fills up a questionnaire.

3.

Jane is an independent but a shy girl. She is graduating from college in next two months and is considering starting her own company. In your opinion, which of the following reasons her decision is correct?

a)

She gets perplexed while taking decisions

b)

She's creative and self-reliant

c)

She's uncomfortable with confrontations

d)

She's willing to start small, learn, and grow

4.

What do Customer Pains mean?

a)

The physical pains felt by customers due to various challenges in life.

b)

Emotional negativity arising in the customer because he has to pay for the services.

c)

Problems which annoy a customer before, during, or after trying to get a job done.

5.

What are the qualities of a great pain reliever?

a)

They deal with all the pains in a customer's list.

b)

They eliminate all the annoying things faced by customers before, during, or after they try to complete a job.

c)

They only focus on a few important pains and deal with them extremely well.

6.

What are Gain Creators?

a)

They describe how exactly your products and services create gains for the customer.

b)

They describe how the products and services will produce outcomes and benefits that the customer expects, desires, or would be surprised by.

c)

Effective gain creators focus on the important gains that make a real difference to the customer.

7.

What should be the key objective of your Business Model?

a)

To make more money for your venture

b)

To help you run your business

c)

To help you attract talent

d)

To help you save cost

8.

Which of the following are true for a business model?

a)

It helps an organization create value

b)

It helps an organization deliver value

c)

It helps an organization capture value

d)

It helps an organization run the business

9.

Which of the following are three major types of legal entities?

a)

Private Limited Company

b)

Partnership

c)

trust

d)

Sole proprietorship

10.

Entrepreneurship is …

a)

Collecting funds from friends and family and then looking for an investment opportunity.

b)

Chasing an opportunity and coming up with a new product or service regardless of resources.

c)

Reading books about entrepreneurship and studying entrepreneurship in a college course.

d)

Investing in stocks, shares, mutual funds, and property.