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WorksheetsEntrepreneurship Review
Total questions: 26
Worksheet time: 14mins
What does BMC stand for?
Beginning Model Cart
Big Man on Campus
Business Model Canvas
Business Management Canvas
What best describes Value Proposition?
Knowing who your customers are!
Identifying people who can help our business!
What we sell!
Being able to describe why someone would buy your product!
An example of 2 types of customer segments would be: (2 right answers)
Age of customers
Height
Where customers live
What time customers wake up
Money you spend to make and sell your products:
Revenue
Expenses
Budget
Sales
Money coming in from sales is known as:
Cash
Expenses
Revenue
Net
Stores offering rewards cards is an example of:
Key Partners
Customer Relationships
Revenue Streams
Value Proposition
After selling my product online, I was also able to get Target to sell it. I just increased my:
Segments
Resources
Value Proposition
Channels
Now that I sell in Target, they have become a ______________ for my business.
Key Partner
Employee
Key Resource
Cost
Cash, Materials, Parents are all examples of:
Key Partners
Revenue
Key Resources
Segments
When a customer is a repeat buyer of a product, service, or brand.
advertising
buyer persona
brand
customer loyalty
Looking at the age, gender, income, family life, social class, etc. of people that might buy your product or service (can be done through surveys).
demographics
direct competition
margin
buyer persona
A type of communication that attempts to promote or sell a product, service or idea.
advertising
buyer persona
brand
customer loyalty
A person (or organization) that puts money into products, inventions, or many other things - with the expectation of achieving a profit.
entrepreneurs
Innovative
Investor
margin
a presentation of a business idea to potential investors. The goal is to raise startup cash. The target of the _________ is an investor.
Investment
margin
pitch presentation
investor
What best describes a Business Model Canvas?
One page plan outlining your new business idea
A piece of art work
A model of your business office
What are the "channels" in a business model canvas?
Where you sell your products/services
Who your customers are
Your goals as a business
What is another word for costs?
Revenue
Expenses
Budget
What does "Unique Value Proposition" mean?
Describes your product
What you are proposing to customers
The benefit or value your product/service provides
Define the word "revenue"
Costs
Money coming in
Profit
Posters, social media, commercials are all examples of:
Customer Relationships
Revenue Streams
Key Metrics
Unique Value Proposition
The money gained from the sales after expenses are paid is:
Profit
Expenses
Costs
Revenue
A model, simulation, or sample of an idea is a:
Creation
Example
Prototype
