In Creating Your Own BMC, What Side of the Canvas

question 58

Multiple Choice

In creating your own BMC, what side of the canvas should you focus on first?

• A)the value delivery side
• B)the value creation side
• C)start anywhere
• D)start with your product description

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Definitions:

Marginal Unit

Refers to the additional or incremental unit of a good or service considered in analysis or decision-making.

Perfect Competition

A market structure characterized by many buyers and sellers, free entry and exit, and a homogeneous product, leading to price-taking behavior.

Market Price

The existing rate at which an asset or service may be acquired or disposed of on the market.

Utility Consumption

The enjoyment or satisfaction gained by using a good or service.