In Preliminary Tests, You Discover That Your Workplace Product Saves

question 22

Multiple Choice

In preliminary tests, you discover that your workplace product saves your targeted customer over 5 hours a week compared to competitor solutions. This is an example of what element of the business model canvas?

• A) Key Activities
• B) Value Proposition
• C) Customer Relationships
• D) Customer Segments

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Definitions:

Testing

The process of evaluating the functionality, performance, reliability, and security of a product or system through systematic experiments and assessments.

Financial Forecast

Projections of a company's future revenue, expenses, and profitability, used to estimate economic performance and plan business strategies.

Formal Business Plan

A detailed document that outlines a company's objectives, strategies, market analysis, financial forecasts, and management structure required for starting and running the business.

Financial Section

A segment of a business plan or report that covers the financial explanations, projections, and the fiscal health of a company.