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MVP Projects

Total questions: 10

Worksheet time: 21mins

Name
Class
Date
1.

MVP

University App

 

This app will allow you to enter to all university’s & navigate to choose the best option, from career’s to amounts of money per semester. Eliminating time invested in navigating though a lot of pages. This app will help you choose your future ! the cost is 5 dollares per month. Would you download it ? YES/NO WHY ?

4 lines
2.

MVP

Heated Jacket

 

This jacket will support low temperatures, the idea is to sell it at low cost for community’s were people are dying, help us save people lives ! Cost ~ 5,000 pesos. Would you buy it ? YES / NO / WHY ?

4 lines
3.

MVP

Water Filter

 

This idea will support people obtain low cost filtered water. This will be used for all houses that not have access to clean water. The filter will contain low weight easy installation non expensive materials. COST ~ 100 dollars -- Would you buy it ? YES / NO / WHY ?

4 lines
4.

MVP

Sun Oven – Tricios !

 

The idea is to use the Power of the Sun ! , cook easy and smart, why burn gas or coal, let’s support mother nature , let’ support the reduction of carbon footprint. We will support United Nations Commission on Sustainable Development , help us build a better future !

COST ~ 500 dollars -- Would you buy it ? YES / NO / WHY ?

4 lines
5.

MVP

Cloud Serving

 

The idea is a virtual app that will enable to administer your business by cloud hosting, statistics, consulting, management, social networking, marketing. Everything handle from your palm of your hand ! Want to immerse into the future ?

COST ~ 1,000.00/year dollars -- Would you buy it ? YES / NO / WHY ?

4 lines
6.

An MVP is creted with an intent to enable faster time to market, atract early adopters and achieve product-market fit from early on.

a)

TRUE

b)

FALSE

c)

NOT SURE

7.

The purpose of building an MVP is to launch a product _______ , based on an established idea, with a small ________. A) quickly / budget B) quickly / slow C) low quality / budget

(a)  

8.

Gathering Feedback in an MVP is:

a)

to find out potential users opinions and what they want to see in the final product.

b)

Understand if the idea is right for the target market.

c)

Could help you how much money you will loose if you miss the end in mind

9.

Why would we start with a Market Research ?

a)

It is not enough to do your best, you must know what to do and then do you best

b)

At times, ideas will not fit the market needs. Before a business initiates an idea and ensure that it fulfills the target users need.

c)

At the end of the day, your idea should be enough to sell and fulfill the end in mind.

10.

Top Reasons Startups Fail

a)

All of them

b)

No market need

c)

Run out of cash

d)

Not the right team