Lean Canvas Business Model

The information that will tell you how your business is doing.

• Solutions

• Channels

• Key Metrics

• Revenue Streams

What is the consequence of not understanding the customer segments for a product?

• The product will automatically become more innovative

• It may lead to targeting the wrong audience, wasting marketing efforts and resources

• It will reduce the production costs significantly

• It will ensure the product is sold out instantly

How does identifying a problem benefit the Lean Canvas process?

• It helps in hiring the right team members

• It guides the development of a solution that meets customer needs

• It is only useful for technology-based products

• It determines the company's logo

Why is it important to clearly define customer segments in the Lean Canvas?

• To ensure the product is marketed to the right audience

• To make the product more expensive

• To simplify the design process

• To reduce the number of competitors

The path to your customers.

• Channels

• Problems

• Solutions

• Key Metrics

How does understanding customer segments help in designing the solution?

• It ensures the solution is legally compliant

• It helps tailor the solution to meet specific needs of the segments

• It reduces the cost of the solution

• It helps in choosing the company's name

Possible ways to address to your problems.

• Solutions

• Key Metrics

• Competitive/Unfair Advantage

• Channels

Where in the LCBM do you list your sources of revenue?

• Cost Structure

• Key Metrics

• Customer Segments

• Revenue Streams

Which of the following best describes the purpose of identifying customer segments in the Lean Canvas?

• To determine the company's profit margins

• To identify the different groups of people who will benefit from the product

• To calculate the overall cost of the project

• To design the product's logo and branding

Something about your business that cannot easily be bought or copied.

• Unfair/Competitive Advantage

• Solution

• Customer Segment

• Channels