Reference no: EM133284556

1. What does a "value proposition" in the business model canvas state?

a. The value that a business delivers to their customers.

b. How the start-up creates value.

c. The value that the customers are willing to pay.

d. The value that the costs incur in a business.

2. Which of the following strategic tools is used to describe a framework for examining macro environmental factors?

a. 5-Forces Analysis.

b. SCAMPER.

c PESTEL.

d. Business Model Canvas.

3. Which element of the PEST framework involves consideration of the attitudes and lifestyle patterns that influence business decisions?

a.Political.

b. Economic.

c. Social.

d. Environmental.

4. Which statement is not correct?

a. Opportunities can be assessed overtime in line with industry life cycle and its attractiveness.

b. Opportunities can exist at different points of the value chain of the start-up.

c. Opportunities can be derived if the industry are dynamic.

d. Idea is necessarily a business opportunity.

5. Which of these should be considered when putting together a customer empathy map?

a. Customer relationships.

b. Key resources.

c. Customer segments.

d. Customer pains