CCE- 2

What are the three main sources of innovative ideas?

• Technology, Science, and Math

• Money, Time, and Support

• Passions, Complaints, and Egos

• Education, Research, and Development

What sparked the idea for Dropbox?

• The need for a more secure data storage solution

• Frustration from forgetting a thumb drive

• A desire to improve cloud storage technology

• A university project

What sparked the idea for Under Armour?

• A school project

• The high cost of sports apparel

• Frustration with sweat-soaked shirts during workouts

• A need for more fashionable workout clothes

Why is it important to share your business idea with others?

• To get financial support

• To find potential employees

• To protect it with patents

• To avoid biases and blind spots

What is a key reason entrepreneurs share their ideas?

• To gain more ideas from others

• To apply for a patent

• To find investors

• To identify and correct blind spots

Who should you target for feedback on your business idea?

• Only your close friends

• Potential customers and professionals

• Competitors in the market

• Only family members

What does Netflix use to communicate with its customers?

• Podcasts and radio ads

• Direct mail and phone calls

• Billboards and television ads

• Email, streaming apps, and social media campaigns

What are Netflix's key activities?

• Creating original content and delivering it online

• Selling DVDs and Blu-rays

• Hosting live events

• Developing new technology hardware

What are the revenue streams for Netflix as of 2019?

• Selling merchandise

• Advertising and product placements

• Membership subscriptions

• Selling user data

What is the main goal of the Business Model Canvas?

• To secure a loan from the bank

• To create a detailed marketing plan

• To calculate your initial investment needs

• To visualize and plan your business idea