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ESB V2 Unit 3 questions n answers graded A+ passed
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ESB V2 Unit 3 questions n answers graded A+ passed
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ESB V2 Unit 3Asset - correct answer ✔✔A tangible item a business owns.
Distribution Channel - correct answer ✔✔A method used to get a product from the manufacturer to the
end-users.
Innovation - correct answer ✔✔A new idea, product, or method.
Inventory - correct answer ✔✔Goods a business owns with the purpose of selling.
MVP (minimum viable product) - correct answer ✔✔An inexpensive preliminary product to test the
product idea.
Product - correct answer ✔✔A tangible item.
Product/Market Fit - correct answer ✔✔The stage where a business's sales are high and continue to
grow because their product or service is something customers want and continue to purchase.
Prototype - correct answer ✔✔A preliminary product, commonly a product with minimum viability, from
which to test and develop.
Service - correct answer ✔✔An intangible service or skill that is performed.
Value Proposition - correct answer ✔✔A promise of value that a company makes about their product or
service that makes it attractive to customers.
Variable Costs - correct answer ✔✔Fluctuating costs that a business has depending on production.
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