Entrep Finals

What is the purpose of FOUR M's operation?

• To offer financial services

• To conduct market research

• To manufacture products efficiently

• To provide comprehensive framework and help organizations identify areas of improvement

Which of the following is NOT a type of prototyping?

• Functional Prototype

• Wirefire

• Digital Marketing

• Mockup

What is the importance of a Business Model?

• To conduct market analysis

• To guide decisions and innovate

• To create prototypes

• To manage human resources

What is the purpose of a Business Plan?

• To outline how a company will create, deliver, and capture value

• To secure financing and guide decision-making

• To conduct market research

• To develop prototypes

What are the 4 V's of a Business Model?

• Value, Value Creation, Value Capture, Value Network

• Value, Vision, Venture, Volume

• Value, Velocity, Volume, Vision

• Value, Value, Value, Value

What is the purpose of a Supply Chain?

• To conduct market analysis

• To deliver products to customers

• To store raw materials

• To manage human resources

What are the components of a Business Plan?

• Value Proposition, Customer Segments, Distribution Channels

• Products or Services, Marketing and Sales, Operations

• Executive Summary, Funding Requirements, Appendices

• Company Description, Market Analysis, Financials

What is the purpose of Prototyping?

• To manage human resources

• To secure financing

• To store raw materials

• To test concepts before committing

What is the role of Key Partnerships in a Business Model?

• To collaborate with suppliers, vendors, and other businesses

• To outline key activities of the company

• To manage human resources

• To secure financing

What is the purpose of Accelerated Iteration in Prototyping?

• To avoid missteps

• To allocate resources wisely

• To rapidly adjust and incorporate feedback

• To conduct market analysis