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
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.
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