ESB V2 - Domain 3 Production and Distribution 2023 verified
24 views 0 purchase
Course
ESB
Institution
ESB
ESB V2 - Domain 3 Production and Distribution 2023 verified Market/Fit Hypothesis - correct answer Exists when you have the right solution to a problem worth solving.
Exists when people need your product rather than just seeing a potential benefit of using it.
Exists when users love your product ...
esb v2 domain 3 production and distribution 2023 verified
marketfit hypothesis exists when you have the right solution to a problem worth solving exists when people need your product rather than
Written for
ESB
All documents for this subject (997)
Seller
Follow
BukayoSaka120
Reviews received
Content preview
ESB V2 - Domain 3 Production and
Distribution 2023 verified
Market/Fit Hypothesis - correct answer Exists when you have the right solution to a problem worth
solving.
Exists when people need your product rather than just seeing a potential benefit of using it.
Exists when users love your product so much they tell other people to use it.
Onscreen Pop-Up Quizzes - correct answer Conducting these during the course would be an effective
way to measure your teaching performance
Growth hypothesis - correct answer Startups should determine and test their value hypothesis before
they move on to their
Value to the market - correct answer Hypothesizing how to handle growth is
meaningless if the product doesn't first have this
Potential benefit of using it - correct answer A fit exists when people need your product rather than just
seeing this
problem worth solving - correct answer Before hypothesizing a solution, first determine if there is a
product-market fit - correct answer When users love your product so much they tell other people to use
it, you have
Observe customer reactions - correct answer When giving samples of a new tamale to customers, one
criteria Rick's can use to determine the quality of the new tamale
business model - correct answer In addition to identifying the problem a product or service solves, a
value hypothesis should promote things like product features, pricing, and the _____ as a
, means of enticing potential customers to purchase the product.
functionality - correct answer A minimum viable product is a prototype used to test ease-of-use and __
Quality - correct answer __ is measured by how well the product or service successfully serves its users'
purpose.
change markets or create completely new products - correct answer What might one have to do when
listening to feedback from customers?
Test a prototype - correct answer How should Rick ensure that his customers are receiving a high-quality
product?
Traction stage - correct answer Sales gain momentum and a business starts to grow
Prototype stage - correct answer Identify how a product or service solves customers problems
Monetization stage - correct answer A business starts to earn revenue
Idea stage - correct answer Develop an idea for a product or service
Growth stage - correct answer See growth and continue to grow the business
Launch stage - correct answer The business is legally formed, and sales start to occur
idea - correct answer The fi rst phase of product/market fit is the _____ stage.
prototype - correct answer The second stage is the ________ stage.
launch - correct answer The third stage is the ______ stage.
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller BukayoSaka120. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $9.99. You're not tied to anything after your purchase.
