Chapter 4: Business Opportunities

These refer to the areas in which your business does not perform well or could stand improvement.

• strengths

• weaknesses

• opportunities

• threats

These are positive and favorable factors in the environment, which you should take advantage of or which can make a project idea potentially viable or feasible.

• strength

• weaknesses

• opportunities

• threats

These are the advantages or things that make your business stronger.

• strengths

• weaknesses

• opportunities

• threats

It is an organized way of analyzing one's abilities and areas of weaknesses.

• SWAT

• SOT

• SWOT

• TOS

These factors are normally beyond your control as an entrepreneur.

• strengths

• weaknesses

• opportunities

• threats

Efficiency block represent 5 block on the right side of the BMC

• True

• False

Communications and delivering represent

• customer segment

• customer relationship

• channel

A _________ is a very reason why customers choose your company over another and buy a product or service only from you.

• customer segment

• revenue streams

• value proposition

• costs

•Sales

•Subscription fees

•Membership fees

These fall under?

• Cost structure

• Value proposition

• Key resources

• Revenue streams

What best describes a Business Model Canvas?

• One page plan outlining your new business idea

• A piece of art work

• A model of your business office