The Customer Section of the Business Model Canvas in the Book

question 3

Multiple Choice

The Customer section of the business model canvas in the book lists the market size.How was this estimated?

• A)the size of the U.S.Indian population, including students in the United States
• B)the size of the student population
• C)the number of food explorers
• D)the number of millennials

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Definitions:

Rental Rate

The price paid for the temporary use of a good, service, or property expressed typically as a daily, monthly, or yearly rate.

Minimum Cost

The lowest possible expense incurred in the production of a good or the provision of a service.

Output Levels

The quantity of goods or services produced by a firm, industry, or economy in a given period.

Competitive Market

An economic system where multiple firms sell similar products or services, encouraging fairness and efficiency, driven by supply and demand mechanisms.