ESB Certification Exam Questions/ With
Actual solutions!
One can expect their sales volume to be ______ when they are in product/market fit.
[Elements of the Product/Market Fit Hypothesis] - ANSWERShigh
Product/market fit is making a product or ________ that many people want. [Elements
of the Product/Market Fit Hypothesis] - ANSWERSservice
A business must provide customers with quality products to maintain customer
__________. [Performance and Quality Criteria] - ANSWERSsatisfaction
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. [Performance and Quality Criteria] - ANSWERSprototype
In which stage should one develop a value hypothesis? - ANSWERSLaunch
In which stage do sales gain momentum? - ANSWERSTraction
In which stage is a Minimum Viable Product (MVP) created? - ANSWERSPrototype
In what stage does one find their product/market fit? - ANSWERSGrowth
In which stage does one start to earn revenue? - ANSWERSMonetization
In which stage does one develop a concept for a product or service? - ANSWERSIdea
Which two aspects of a product do Minimum Viable Products (MVPs)test? -
ANSWERSa. Ease-of-use b. Functionality
Label the items as either a product or a service. Use P for product and S for service. -
ANSWERSa. P Muffins b. S AC repairs c. P Toilet paper d. P Jewelry e. S Web designs
f. P Couch g. S Guitar lessons
Oversees company finances - ANSWERSCFO
Owns stock in the company - ANSWERSStockholder
Reports to the board of directors - ANSWERSCEO
Oversees daily operational and administrative functions - ANSWERSCOO
Actual solutions!
One can expect their sales volume to be ______ when they are in product/market fit.
[Elements of the Product/Market Fit Hypothesis] - ANSWERShigh
Product/market fit is making a product or ________ that many people want. [Elements
of the Product/Market Fit Hypothesis] - ANSWERSservice
A business must provide customers with quality products to maintain customer
__________. [Performance and Quality Criteria] - ANSWERSsatisfaction
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. [Performance and Quality Criteria] - ANSWERSprototype
In which stage should one develop a value hypothesis? - ANSWERSLaunch
In which stage do sales gain momentum? - ANSWERSTraction
In which stage is a Minimum Viable Product (MVP) created? - ANSWERSPrototype
In what stage does one find their product/market fit? - ANSWERSGrowth
In which stage does one start to earn revenue? - ANSWERSMonetization
In which stage does one develop a concept for a product or service? - ANSWERSIdea
Which two aspects of a product do Minimum Viable Products (MVPs)test? -
ANSWERSa. Ease-of-use b. Functionality
Label the items as either a product or a service. Use P for product and S for service. -
ANSWERSa. P Muffins b. S AC repairs c. P Toilet paper d. P Jewelry e. S Web designs
f. P Couch g. S Guitar lessons
Oversees company finances - ANSWERSCFO
Owns stock in the company - ANSWERSStockholder
Reports to the board of directors - ANSWERSCEO
Oversees daily operational and administrative functions - ANSWERSCOO
