ESB Certification Exam Study Guide
Domain 3 Questions and Answers 100%
Correct | Updated 2024
One can expect their sales volume to be high when they are in ____ fit -
ANSWER product/market
Product/market fit is making a ____ that many people want - ANSWER product
or service
A business must provide customers with quality products to maintain customer
____ - ANSWER satisfaction
A Minimum Viable Product (MVP) is a ____ used to test ease-of-use and
functionality to help determine the user's experience and ultimately improve the
user's experience with the product - ANSWER prototype
In which stage should one develop a value hypothesis? - ANSWER Launch
In which stage do sales gain momentum? - ANSWER Traction
In which stage is a Minimum Viable Product (MVP) created? - ANSWER
Prototype
In what stage does one find their product/market fit? - ANSWER Growth
, In which stage does one start to earn revenue? - ANSWER Monetization6
In which stage does one develop a concept for a product or service? - ANSWER
Idea
What is a value hypothesis? - ANSWER a value hypothesis promotes things like
product features, pricing, and a company's business model as a means of enticing
potential customers to purchase the product
What is the International Standards Organization's definition of quality? -
ANSWER the organization defines quality as the totality of features and
characteristics of a product or service that bear on its ability to satisfy stated or
implied needs
Which two aspects of a product do Minimum Viable Products (MVPs) tests? -
ANSWER Ease-of-use and Functionality
Before creating a product, it is wise to ____ what it takes to produce the product -
ANSWER research
For ____, one must spend time finding out what customers' needs are -
ANSWER services
A business can use ____ to cut down on costs or to improve its product's function
- ANSWER value engineering
Domain 3 Questions and Answers 100%
Correct | Updated 2024
One can expect their sales volume to be high when they are in ____ fit -
ANSWER product/market
Product/market fit is making a ____ that many people want - ANSWER product
or service
A business must provide customers with quality products to maintain customer
____ - ANSWER satisfaction
A Minimum Viable Product (MVP) is a ____ used to test ease-of-use and
functionality to help determine the user's experience and ultimately improve the
user's experience with the product - ANSWER prototype
In which stage should one develop a value hypothesis? - ANSWER Launch
In which stage do sales gain momentum? - ANSWER Traction
In which stage is a Minimum Viable Product (MVP) created? - ANSWER
Prototype
In what stage does one find their product/market fit? - ANSWER Growth
, In which stage does one start to earn revenue? - ANSWER Monetization6
In which stage does one develop a concept for a product or service? - ANSWER
Idea
What is a value hypothesis? - ANSWER a value hypothesis promotes things like
product features, pricing, and a company's business model as a means of enticing
potential customers to purchase the product
What is the International Standards Organization's definition of quality? -
ANSWER the organization defines quality as the totality of features and
characteristics of a product or service that bear on its ability to satisfy stated or
implied needs
Which two aspects of a product do Minimum Viable Products (MVPs) tests? -
ANSWER Ease-of-use and Functionality
Before creating a product, it is wise to ____ what it takes to produce the product -
ANSWER research
For ____, one must spend time finding out what customers' needs are -
ANSWER services
A business can use ____ to cut down on costs or to improve its product's function
- ANSWER value engineering
