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Foods 2 Lean Canvas Model

Total questions: 20

Worksheet time: 10mins

Name
Class
Date
1.

All expenses required to start your business

a)

Lean Canvas Model

b)

Start-up Costs

c)

Cost Structure

d)

Business Concept

2.

The favorable position an organization seeks in order to be more profitable than its competitors

a)

Lean Canvas Model

b)

Unique Value Proposition

c)

Key Metrics

d)

Competitive Advantage

3.

An idea for a new business that can be tested

a)

Cost Structure

b)

Lean Canvas Model

c)

Business Concept

d)

Start-up Costs

4.

Unique Value Proposition is a single, clear compelling message describing a business mission statement

a)

True

b)

False

5.

Competitive advantage is the particular group a business is interested in making the focus of all the company's efforts.

a)

True

b)

False

6.

A Lean Canvas Model is a fluid, simple diagram that captures a business model.

a)

True

b)

False

7.

What does LCM stand for?

a)

Lower Cash Meals

b)

Lean Canvas Model

c)

Let's Clean More

d)

Lean Canvas Menu

8.

What is the LCM used for

a)

Creating a gluten free menu

b)

Brainstorming ideas for natural disaster relief

c)

Learning how to find a job

d)

Identifying a problem through entrepreneurship

9.

How many steps/questions are there in the LCM?

a)

6

b)

7

c)

9

d)

10

10.

What two categories best describe the segmentation of the LCM?

a)

Product and Promotion

b)

Price and People

c)

Advertising and Creativity

d)

Solution and Cost

11.

What is step 1 of the LCM?

a)

Cost Structure

b)

Solution

c)

Problem

d)

Customer Segments

12.

What step of the LCM do you identify who will need to buy your products

a)

Customer Segments

b)

Channels

c)

Cost Structure

d)

Problem

13.

What step in the LCM allows you to list all of the fixed and variable costs needed?

a)

Problem

b)

Cost Structure

c)

Revenue Streams

d)

Key Metrics

14.

What section of the LCM allows you to identify what current issue may need a solution?

a)

Customer Segments

b)

Channels

c)

Cost Structure

d)

Problem

15.

What step of the LCM allows you to discuss how you will get the word out about your idea?

a)

Channels

b)

Competitive Advantage

c)

Solution

d)

Revenue Stream

16.

What step of the LCM includes the single, clear message that pulls unaware customers in? Your Mission Statement

a)

Problem

b)

Solution

c)

Unique Value Proposition

d)

Cost

17.

A fluid, simple diagram that captures a business model is a

a)

Product Model

b)

Competitive Advantage Model

c)

Lean Canvas Business Model

d)

Target Market Model

18.

The avenues a business uses to reach customers, like a website, store, or advertising, defines which section of the Lean Canvas Business Model?

a)

Channels

b)

Products

c)

Key Metrics

d)

Revenue

19.

Which step in the Lean Canvas Business Model includes indicators for evaluating factors that are crucial to the success of a business?

a)

Target Customers

b)

Channels

c)

Start-up Costs

d)

Key Metrics

20.

Which step of the Lean Canvas Business Model includes the vision/mission statement?

a)

Unique value Proposition

b)

Channels

c)

Solution

d)

Key Metrics