Value is determined by:
2. Question 2 Value is determined by: 1 point Interviewing potential clients, asking what they would pay Introspection, thinking what you yourself would pay …
Client margin is:
4. Question 4 Client margin is: 1 point The gap between cost and price The gap between value and price The gap between value and cost
“Social margin” is:
3. Question 3 “Social margin” is: 1 point The gap between cost and price The gap between cost and value The gap between value and price
Only three numbers (value, price, cost) can help determine whether your idea is viable? Which of the three are most crucial?
1. Question 1 Only three numbers (value, price, cost) can help determine whether your idea is viable? Which of the three are most crucial? 1 point Cost Price…
What does “think ahead backward” mean in practice?
1. Question 1 What does “think ahead backward” mean in practice? 1 point Use the past to guide your future plans First build plan, then think about why…
What are the 5 key elements of every business plan?
5. Question 5 What are the 5 key elements of every business plan? 1 point The need; the product; the unique features; future developments; the market The team;…
What is a business plan?
4. Question 4 What is a business plan? 1 point An Excel spreadsheet showing revenues and costs A Power Point presentation for potential investors A roadmap plan…
What are the 7 key elements of a clear value “message”?
3. Question 3 What are the 7 key elements of a clear value “message”? 1 point Happy, comforting, exciting, clear, rapid, short, visual Strong, exciting, distinct, authentic, consistent,…
What is a business design? What are the four key elements of a business?
2. Question 2 What is a business design? What are the four key elements of a business? 1 point Core strategy; company boundaries; value network; customer benefits Core…
